Marginal Deposit On Letter Of Credit Template for Saudi Arabia

1. Shariah Compliance: Specific provisions ensuring compliance with Islamic banking principles - required when the transaction needs explicit Shariah compliance confirmation

2. Additional Security: Provisions for any additional security requirements - included when extra collateral is required

3. Foreign Currency Provisions: Detailed provisions for handling foreign currency aspects - required for international trade transactions

4. Insurance: Requirements for insurance of underlying goods - included when specified by the bank's policy or transaction requirements

5. Joint Account Provisions: Special provisions for when the customer is multiple parties - required for joint applications

6. Electronic Banking Provisions: Terms for electronic handling of the deposit and communications - included when electronic banking services are used

1. Schedule 1 - Letter of Credit Details: Complete details of the associated letter of credit including beneficiary details, amount, and validity

2. Schedule 2 - Deposit Calculation: Detailed calculation method for the marginal deposit amount and any adjustments

3. Schedule 3 - Fee Schedule: Comprehensive list of all applicable fees and charges

4. Schedule 4 - Required Documents: List of documents required for letter of credit operation

5. Appendix A - Bank's Standard Terms: Standard terms and conditions of the bank applicable to marginal deposits

6. Appendix B - Communication Procedures: Detailed procedures for communications between parties