Get Unified Clearing Group Uniform Form Of ... - Ice

This guide provides users with a clear and structured approach to completing the Unified Clearing Group Uniform Form of Irrevocable Standby Letter of Credit (UCG Form). Whether you are familiar with legal documents or new to the process, this step-by-step guide will assist you in filling out the form correctly.

Follow the steps to successfully complete the form online.

1. Click the ‘Get Form’ button to obtain the form and launch it in your chosen editor.
2. Begin by filling out the Cover Page of the form. Supply the exact name of the Clearing Participant, which refers to the entity benefiting from the letter of credit.
3. Indicate the Account Type as instructed by the Supplemental Instructions. Provide or omit information as necessary.
4. Fill in the Applicant’s name, which is typically the Clearing Participant. This field can be left blank if the Clearing Participant is the applicant.
5. Select the Governing Law. Choose either New York or Illinois law unless specified otherwise in the Supplemental Instructions from the Original Beneficiary.
6. Enter the Beneficiary's exact name as it appears in the Supplemental Instructions.
7. State the Amount of credit that may be drawn under the letter of credit, specifying the currency if it is not in USD.
8. Determine the Expiry Date based on the instructions provided by the clearing organization. Ensure it aligns with their Permitted Expiry Dates.
9. Input the Issue Date of the letter of credit, which is the date on which the document is issued.
10. If applicable, provide the number of any existing credits being replaced by this new letter of credit.
11. Fill out the details for the Primary Office and Alternative Offices where a Demand can be presented for payment.
12. Include the telephone and facsimile numbers for each office listed, ensuring they are appropriate for communication related to the Demand.
13. Consult the Supplemental Instructions to finalize the Approved Means of communication for amendments.
14. Finally, verify if a Cutoff Time is required for the specific Beneficiary and fill that in accordingly.
15. Once all fields have been completed and double-checked, save your changes. You may then download, print, or share the completed form as needed.

Complete your documents online with confidence!