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Author: Brooke Wunnicke
Publisher: John Wiley & Sons
ISBN:
Category : Business & Economics
Languages : en
Pages : 520
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Book Description
This single-volume work provides a reference for anyone involved in transactions requiring standby letters of credit. It offers sample documents and clauses, discusses the new Federal Reserve risk-based capital guidelines, and recent court cases involving standby letters of credit.
Author: Brooke Wunnicke
Publisher: John Wiley & Sons
ISBN:
Category : Business & Economics
Languages : en
Pages : 520
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Book Description
This single-volume work provides a reference for anyone involved in transactions requiring standby letters of credit. It offers sample documents and clauses, discusses the new Federal Reserve risk-based capital guidelines, and recent court cases involving standby letters of credit.
Author: J. Sifri
Publisher: Palgrave Macmillan
ISBN: 9781349303304
Category : Business & Economics
Languages : en
Pages : 234
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Book Description
A guide that tackles this vital financial instrument from a practical as well as legal perspective. Augmented with numerous real life cases, the book addresses the exact procedures undertaken by global banks in handling standby letters of credit transactions whilst providing an article by article interpretation of the ISP98
Author: Ramandeep Kaur Chhina
Publisher: Kluwer Law International B.V.
ISBN: 9041146245
Category : Law
Languages : en
Pages : 256
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Book Description
The question of what constitutes ‘fraud in the transaction’ with respect to international letters of credit varies considerably among jurisdictions. In proving allegations of fraud, it is crucial for the practitioner to know the relevant jurisdiction’s case law, especially if wider defences such as inducement, unconscionable conduct or bad faith must be invoked. In this book, the author argues that, whereas ‘fraud in the documents’ is generally sufficient in cases involving commercial letters of credit, standby letters of credit demand a wider fraud exception. The central issue – how wide that fraud exception should be – is what this book explores in depth.This author compares and critically examines the application of the fraud exception in four major trade jurisdictions – the United States, England, Canada, and Australia. With an overall focus on how each jurisdiction’s fraud tests treat the autonomy of standby letters of credit, she builds her arguments on such relevant sources and concepts as the following: when it can be shown that the beneficiary has ‘no bona fide belief’ in the validity of its claim demand guarantees; international initiatives (ICC Rules and the UN Convention on Independent Guarantee and Standby Letters of Credit); the Sztejn Rule; parameters of the ‘fraud in the transaction’ defence ‘materiality’ standard; prerequisites for injunctive relief; arguing ‘fraud in the formation of the contract’; performance bond cases; applying the ‘breach of good faith’ defence; ‘negative stipulation’ in the underlying contract; and equitable versus statutory/broader notion of unconscionability. The presentation includes detailed summaries and analyses of leading cases in all four jurisdictions. Lawyers and corporate counsel responsible for arguing claims or defences in letter of credit transactions will welcome the way the author's research and insight define the range of options in each case they handle. Academics also will appreciate the systematic way the book frames a complex area of international trade law.
Author: John F. Dolan
Publisher: Warren Gorham & Lamont
ISBN:
Category : Business & Economics
Languages : en
Pages : 1048
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Book Description
This treatise addresses all standby and commercial letter of credit problems and provides guidance through the case law under UCC Article 5. Establishing, amending, and terminating the letter of credit is discussed in detail.
Author: Charles E. Aster
Publisher:
ISBN:
Category : Letters of credit
Languages : en
Pages : 338
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Book Description
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher:
ISBN:
Category : Banking law
Languages : en
Pages : 320
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Book Description
Author: Heinz Duthel
Publisher: neobooks
ISBN: 3756571939
Category : Biography & Autobiography
Languages : de
Pages : 18
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Book Description
In the fast-paced world of business finance, securing a standby letter of credit (SBLC) can be a game-changer for your company's growth and operational flexibility. "How to Get a Standby Letter of Credit" is your comprehensive guide to navigating the complexities of financial instruments with speed and efficiency. Authored by Heinz from IPVC AI, this eBook demystifies the process of obtaining an SBLC, offering invaluable insights into the world of credit issuance for businesses. Whether you're facing obstacles in acquiring an SPLC on your own or simply looking to expedite the credit acquisition process, Heinz provides step-by-step advice on preparing your application, managing necessary documentation, and understanding the requirements to ensure a smooth and quick issuance of your letter of credit. With a focus on supporting clients in all aspects related to SPLCs, IPVC AI's expertise shines through in practical tips and strategic guidance. From the initial stages of application preparation to the final steps of securing your SBLC, this eBook is packed with actionable information to help you and your business access essential financial support. "How to Get a Standby Letter of Credit" is not just about obtaining a piece of paper; it's about empowering your business with the tools and knowledge to thrive in today's competitive landscape. Whether for securing trade deals, enhancing your creditworthiness, or facilitating international transactions, this guide is an indispensable resource for any business aiming to leverage the power of standby letters of credit. Unlock the secret to securing a standby letter of credit swiftly with "How to Get a Standby Letter of Credit." This essential guide, brought to you by Heinz of IPVC AI, offers a deep dive into the steps necessary for businesses to efficiently obtain an SBLC. From navigating the application process and preparing your documents to understanding the intricacies of credit issuance, this eBook is your roadmap to financial empowerment. Whether you're struggling to acquire an SPLC on your own or looking to streamline the process, discover expert strategies and tips to accelerate your business's access to this crucial financial instrument. Step into a world of opportunities with the knowledge and tools to advance your business's growth and stability.
Author: Brooke Wunnicke
Publisher: Wolters Kluwer
ISBN: 0735517339
Category : Business & Economics
Languages : en
Pages : 1690
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Book Description
Standby and Commercial Letters of Credit, Third Edition alerts you to current developments and discusses the recent UCP600, former UCP500, ISP98, UCC Article 5, and current trade practices and problems. The authors review letter of credit law and practices, helping to resolve concerns of applicants, beneficiaries, and issuers. This essential resource includes: Sample forms and clauses, procedures and checklists Current court cases and extensive Table of Cases What can happen to letters of credit in bankruptcy and insolvency proceedings Fraud and injunction nightmares Cross-reference table UCP600 and UCP500 Strategies for bank reimbursement agreements Standby and Commercial Letters of Credit, Third Edition gives you immediate guidance when you need it most. And it supplies real-world letters of credit situations, with analyses of what was done right and wrong.
Author: Stephen A. Jones
Publisher: Springer Nature
ISBN: 303025139X
Category : Business & Economics
Languages : en
Pages : 448
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Book Description
The Trade and Receivables Finance Companion: A Collection of Case Studies and Solutions is based on the author’s personal experience gained through more than 40 years in the field of trade finance. This Companion applies the techniques described in his first volume, Trade and Receivables Finance: A Practical Guide to Risk Evaluation and Structuring to an extensive range of international trade scenarios. Practical solutions are discussed and presented through a specially selected collection of more than 20 case studies. These books provide an unrivalled and highly practical set of manuals for the trade and receivables financier. The reader is taken on a journey from the structuring of trade products including collections, import and export letters of credit, back to back credits, guarantees and standby credits to fully and partially structured financing solutions for the importer, manufacturer, distributor, middle-party and exporter. Each funding technique provides a compelling alternative to an overdraft. The case studies include the risk assessment and financing of open account payables, stock and receivables transactions and the evaluation and use of credit insurance as a supporting tool. The structuring of commodity finance across the trade cycle, to include warehousing, and call-off is also described. Many of the chapters contain a summary ‘keynote’ overview and comprehensive ‘deal sheet’ extracts of the chosen solution detailing facility and operational requirements.
Author: International Chamber of Commerce
Publisher: ICC Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 94
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Book Description
