The Structured Letter of Credit is utilized when standard trade finance instruments are insufficient for complex international transactions. This document type has evolved to meet sophisticated trade finance needs under Singapore's comprehensive legal framework. It provides detailed structuring of payment terms, conditions, and risk allocation, making it particularly valuable for large-scale or complex trading arrangements. The document incorporates both international banking practices (UCP 600) and Singapore's regulatory requirements, offering enhanced security and flexibility for all parties involved. It is commonly used when traditional letters of credit need to be combined with structured finance elements to accommodate specific commercial requirements.
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1. Letter of Credit Number: Unique identifier for the LC
2. Issuing Bank Details: Complete details of the bank issuing the LC including name, address, SWIFT code, and contact information
3. Beneficiary Details: Complete details of the party receiving payment including full legal name, address, and bank account details
4. Applicant Details: Complete details of the party requesting the LC including full legal name, address, and reference numbers
5. Amount and Currency: Credit amount in figures and words, currency specification, and any tolerance levels
6. Expiry Date: Validity period of the LC and place of expiry
7. Payment Terms: Specific conditions for payment including payment method, timing, and any special instructions
8. Required Documents: Comprehensive list of documents required for payment including commercial invoices, transport documents, and certificates
1. Transferability Clause: Optional clause specifying whether and how the LC can be transferred to another beneficiary
2. Revolving Credit Terms: Terms specifying automatic renewal of credit for regular trading relationships
3. Red Clause Provisions: Special provisions for advance payment terms when beneficiary requires upfront funding
4. Back-to-Back LC Terms: Terms for situations where the LC supports another LC arrangement
1. Document Requirements Schedule: Detailed specifications for each required document including format, content, and certification requirements
2. Payment Schedule: Breakdown of payment tranches if applicable, including amounts, timing, and conditions
3. Compliance Certificates: Templates or requirements for regulatory compliance certificates
4. Standard Banking Forms: Collection of required banking forms for LC processing and amendments
Relevant legal definitions
Advising Bank
Applicant
Banking Day
Beneficiary
Bill of Exchange
Bill of Lading
Commercial Invoice
Complying Presentation
Confirmation
Confirming Bank
Credit
Document
Documentary Credit
Draft
Expiry Date
Governing Law
ICC
Issuing Bank
Letter of Credit
Negotiating Bank
Nomination
Nominated Bank
Payment Terms
Presentation
Reimbursing Bank
Shipping Documents
Structured Payment
Trade Finance Documents
Transferable Credit
UCP 600
Underlying Transaction
Credit Amount
Available With
Place for Presentation
Latest Shipment Date
Partial Shipments
Transhipment
Description of Goods
Documents Required
Additional Conditions
Charges
Period for Presentation
Confirmation Instructions
Reimbursement
Applicant
Banking Day
Beneficiary
Bill of Exchange
Bill of Lading
Commercial Invoice
Complying Presentation
Confirmation
Confirming Bank
Credit
Document
Documentary Credit
Draft
Expiry Date
Governing Law
ICC
Issuing Bank
Letter of Credit
Negotiating Bank
Nomination
Nominated Bank
Payment Terms
Presentation
Reimbursing Bank
Shipping Documents
Structured Payment
Trade Finance Documents
Transferable Credit
UCP 600
Underlying Transaction
Credit Amount
Available With
Place for Presentation
Latest Shipment Date
Partial Shipments
Transhipment
Description of Goods
Documents Required
Additional Conditions
Charges
Period for Presentation
Confirmation Instructions
Reimbursement
Clauses
Issuance
Amount and Currency
Availability
Expiry and Place
Beneficiary Identification
Document Requirements
Payment Terms
Presentation Terms
Transfer Rights
Bank Obligations
Disclaimer
Force Majeure
Governing Law
Jurisdiction
Amendment Provisions
Assignment
Notices
Banking Charges
Default Events
Reimbursement
Documentary Requirements
Compliance Terms
Shipping Terms
Document Examination
Discrepancy Handling
Confidentiality
Waiver
Severability
Anti-Money Laundering
Sanctions Compliance
Communications
Bank's Security Interest
Indemnification
Set-off Rights
Dispute Resolution
Amount and Currency
Availability
Expiry and Place
Beneficiary Identification
Document Requirements
Payment Terms
Presentation Terms
Transfer Rights
Bank Obligations
Disclaimer
Force Majeure
Governing Law
Jurisdiction
Amendment Provisions
Assignment
Notices
Banking Charges
Default Events
Reimbursement
Documentary Requirements
Compliance Terms
Shipping Terms
Document Examination
Discrepancy Handling
Confidentiality
Waiver
Severability
Anti-Money Laundering
Sanctions Compliance
Communications
Bank's Security Interest
Indemnification
Set-off Rights
Dispute Resolution
Relevant Industries
Relevant Teams
Relevant Roles
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