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1. Issuing Bank Details: Complete details of the bank issuing the Synthetic LC, including branch information and authorization
2. Beneficiary Information: Full details of the party in whose favor the LC is issued
3. Applicant Information: Complete details of the party requesting the LC
4. LC Number and Date: Unique identification number and issuance date of the LC
5. Currency and Amount: Specification of the LC amount and currency
6. Trigger Events: Clearly defined events or conditions that will trigger payment under the LC
7. Payment Terms: Specific conditions and timing of payment upon trigger event occurrence
8. Expiry Date: Clear statement of when the LC expires
9. Governing Law: Specification of Pakistani law as governing law and relevant jurisdictional details
10. Bank Undertaking: The bank's commitment to honor the LC under specified conditions
1. Shariah Compliance Declaration: Required when the synthetic LC needs to be Islamic banking compliant
2. Transfer Provisions: Include when the LC needs to be transferable to other beneficiaries
3. Partial Payment Terms: Include when partial drawings against the LC are to be permitted
4. Foreign Exchange Provisions: Required when the LC involves cross-border transactions or foreign currency
5. Counter-Guarantee Details: Include when there is a counter-guarantee from another bank
6. Force Majeure Clause: Optional clause defining circumstances under which obligations may be suspended
1. Schedule A - Trigger Event Documentation: Detailed description of acceptable evidence for trigger events
2. Schedule B - Fee Schedule: Breakdown of all applicable fees, charges, and commission
3. Schedule C - Payment Procedures: Detailed procedures for claiming payment under the LC
4. Appendix 1 - Required Forms: Standard forms for payment claims and notifications
5. Appendix 2 - Authorized Signatories: List of authorized signatories for all parties
6. Appendix 3 - Communication Protocols: Agreed methods and details for official communications between parties
Applicant
Banking Day
Beneficiary
Confirmation
Counter-Guarantee
Default Event
Effective Date
Expiry Date
Force Majeure
Governing Law
Issuing Bank
Letter of Credit Amount
Notice of Drawing
Payment Obligation
Prohibited Person
Relevant Authority
Sanctions
Shariah Principles
Specified Currency
State Bank
Synthetic LC
Trigger Event
Trigger Notice
UCP 600
Underlying Transaction
Valid Claim
Notification Method
Payment Date
Reference Rate
Authorized Representative
Business Day
Confirmation Fee
Event of Default
Islamic Banking Regulations
Material Adverse Change
Permitted Transfer
Relevant Jurisdiction
Security Interest
Specified Event
Definitions
Interpretation
Bank Undertaking
Payment Obligations
Trigger Events
Conditions Precedent
Representations and Warranties
Payment Mechanics
Currency Provisions
Communications
Default Events
Force Majeure
Assignment and Transfer
Amendments
Notices
Governing Law
Jurisdiction
Dispute Resolution
Confidentiality
Sanctions Compliance
Islamic Banking Compliance
Regulatory Compliance
Fees and Charges
Set-off Rights
Counter-Indemnity
Term and Termination
Severability
Entire Agreement
Waiver
Anti-Money Laundering
Banking & Financial Services
International Trade
Manufacturing
Energy & Resources
Construction
Infrastructure
Commodities Trading
Telecommunications
Real Estate
Islamic Finance
Legal
Finance
Treasury
Trade Finance
Risk Management
Compliance
Islamic Banking
International Banking
Corporate Banking
Credit Administration
Trade Finance Manager
Corporate Banking Officer
Chief Financial Officer
Treasury Manager
Finance Director
Risk Management Officer
Compliance Officer
Islamic Banking Specialist
International Trade Specialist
Documentary Credits Manager
Banking Operations Manager
Legal Counsel
Financial Controller
Credit Risk Manager
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