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Get Letter Of Credit The Following Is Sample Language That Could Be Used ...

G language would outline the requirements for the issuer of any Letter of Credit as well as provide a sample form. The intention of this language is to avoid disputes later and to enable parties to safely be able to meet the timeframes outlined in the CSA with respect to the posting of collateral. The following definition would be added: Letter of Credit means an irrevocable, transferable, standby letter of credit, issued by a major U.S. commercial bank or a U.S. branch office of a foreign.

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