Get Application Page 1 Of 3

This guide provides a clear and supportive approach to filling out the Application Page 1 of 3 for an Irrevocable Standby Letter of Credit or Guarantee. Follow the detailed steps to ensure accurate completion of this important form.

Follow the steps to successfully complete the application online.

1. Click the ‘Get Form’ button to obtain the form and open it in the editor.
2. In the first section titled 'For Completion By Applicant', select the appropriate box to indicate whether you are a new or existing CIBC Standby Letter of Credit or Guarantee client. Ensure that you only check one option.
3. Indicate how you would like to receive the Irrevocable Standby Letter of Credit or Guarantee by selecting either 'By Mail' or 'By Teletransmission'. This selection reflects your preferred communication method.
4. Fill in the currency type by selecting the appropriate option. If you select 'Other', provide the full name of the currency in the specified field.
5. Specify the amount for the Irrevocable Standby Letter of Credit or Guarantee in the designated input field. Ensure this is an accurate reflection of your request.
6. Enter the expiry date of the Irrevocable Standby Letter of Credit or Guarantee using the format (yyyy/mm/dd). This is essential for specifying the validity period.
7. Choose whether you would like an automatic renewal clause by selecting 'Yes' or 'No'. If applicable, specify the number of days of notice to the beneficiary required to prevent renewal.
8. Fill out the sections for both the beneficiary's full name and address, as well as your own name and address, ensuring not to exceed three lines of text for each.
9. In the 'Details' section, briefly describe the purpose of the application and any documentation required, with a limit of eight lines of text.
10. Verify that all mandatory fields, marked with an asterisk (*), are filled out accurately. This ensures that your application can be processed without delay.
11. Finally, review the entire form for completeness, then save your changes, download, print, or share the form as needed.

Complete your application online now for an Irrevocable Standby Letter of Credit or Guarantee.