The Direct Pay Standby Letter of Credit is a crucial financial instrument used in Malaysian and international business transactions where payment security is paramount. It serves as a bank's irrevocable commitment to pay a specified sum upon the beneficiary's compliant presentation of required documents, without the need for proof of default by the applicant. This instrument, governed by Malaysian law and regulated under the Financial Services Act 2013, combines elements of traditional letters of credit with the specific features of standby credits. It is particularly valuable in scenarios such as large commercial contracts, performance guarantees, or financial obligations where the beneficiary requires a reliable, independent payment assurance. The document must comply with both local Malaysian banking regulations and international standards such as ISP98 and UCP 600, making it a robust tool for cross-border transactions.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Letter Reference and Date: Unique reference number and issuance date of the SBLC
2. Issuing Bank Details: Complete name, address, and contact information of the issuing bank
3. Beneficiary Details: Full name and address of the beneficiary who can draw under the SBLC
4. Applicant Details: Full name and address of the party requesting the SBLC
5. Credit Amount: The maximum amount available under the SBLC and currency denomination
6. Expiry Details: Expiry date and place of the SBLC
7. Form of Presentation: Specific requirements for how and where documents must be presented
8. Drawing Terms: Conditions and documentation required for drawing under the SBLC
9. Payment Terms: Timeframe and method of payment upon compliant presentation
10. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction
11. Transfer Terms: Whether the SBLC is transferable and under what conditions
12. Authorized Signatures: Space for authorized bank officers' signatures and bank seal
1. Partial Drawings: Include when multiple partial drawings are permitted under the SBLC
2. Special Conditions: Include when there are unique requirements or conditions specific to this SBLC
3. Automatic Extension Clause: Include when the SBLC includes an 'evergreen' clause for automatic renewal
4. Multiple Beneficiary Provisions: Include when the SBLC has multiple beneficiaries
5. Currency Conversion Terms: Include when payments may be made in multiple currencies
6. Force Majeure Provisions: Include when specific force majeure conditions need to be addressed
1. Form of Demand: Template for the beneficiary's demand for payment
2. Required Documents Checklist: Detailed list of all documents required for drawing under the SBLC
3. Specimen Signatures: Authorized signatures of the beneficiary for verification purposes
4. Form of Transfer Request: Template for requesting transfer of the SBLC (if transferable)
5. Contact Details Schedule: Complete contact information for all relevant parties and departments
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
International Trade
Manufacturing
Construction
Energy and Utilities
Infrastructure
Commodities Trading
Real Estate
Telecommunications
Shipping and Logistics
Relevant Teams
Treasury
Trade Finance
Legal
Compliance
Risk Management
Finance
International Banking
Commercial Operations
Credit Administration
Documentary Credits
Corporate Banking
Relevant Roles
Chief Financial Officer
Treasury Manager
Trade Finance Manager
Financial Controller
Banking Relationship Manager
Credit Manager
Risk Manager
Commercial Director
Finance Director
International Trade Specialist
Legal Counsel
Compliance Officer
Documentary Credits Specialist
Senior Banking Officer
Trade Operations Manager
Find the exact document you need
Credit Note Letter To Customer
A Malaysian-compliant business document that formally acknowledges a reduction in a customer's payment obligation to a company, typically issued to correct billing errors or process returns.
Download
Letter Of Credit Rates
A Malaysian banking document outlining the fee structure and commission rates for Letter of Credit services, governed by Malaysian financial regulations and banking laws.
Download
Credit Limit Approval Letter To Customer
A Malaysian-compliant formal letter from a financial institution approving and establishing terms for a customer's credit facility.
Download
Credit Application Request Letter
A formal letter requesting credit facilities from a Malaysian financial institution, complying with local banking regulations and requirements.
Download
Letter Of Credit Limit
A Malaysian law-governed banking facility document establishing terms for issuing Letters of Credit up to an approved limit.
Download
SBLC As Collateral
Malaysian law-governed agreement establishing terms for using a Standby Letter of Credit as collateral security, incorporating local banking regulations and international practices.
Download
Lc Invoice
A specialized commercial invoice document used in Letter of Credit transactions under Malaysian law, combining standard invoice elements with specific LC requirements for international trade.
Download
Cash Letter Credit
A Malaysian-law governed banking instrument representing an irrevocable payment commitment from a bank to a beneficiary, subject to document compliance.
Download
Marginal Deposit On Letter Of Credit
A Malaysian law-governed agreement establishing terms for a marginal deposit as security for a Letter of Credit facility, complying with local banking regulations and facilitating international trade financing.
Download
Lc Agreement
A Malaysian law-governed agreement establishing terms and conditions for Letter of Credit issuance and management, complying with local banking regulations and international standards.
Download
Lc Export Import
A Malaysian-compliant Letter of Credit document that facilitates secure international trade payments, governed by local banking laws and UCP 600.
Download
SBLC For Buyers Credit
A Malaysian law-governed bank guarantee instrument supporting buyer's credit facilities in commercial transactions, providing payment security to creditors.
Download
Letter Of Credit Collection
A Malaysian-compliant banking instruction document for international trade payment collection through Letter of Credit, governed by local financial regulations and international banking standards.
Download
180 Days Usance Lc
A Malaysian law-governed Letter of Credit providing 180-day deferred payment terms for international trade transactions, combining local regulatory requirements with international banking practices.
Download
Letter Of Credit Risk
A Malaysian jurisdiction risk assessment and management framework for Letter of Credit transactions, covering both conventional and Islamic banking requirements.
Download
Letter Of Credit Fraud
A Malaysian law-governed document addressing letter of credit fraud in international trade, incorporating local banking regulations and international banking practices.
Download
Letter Of Credit Amount
A Malaysian banking document specifying the amount and terms of a letter of credit, governed by Bank Negara Malaysia regulations and international UCP 600 guidelines.
Download
Credit Facility Offer Letter
A Malaysian-compliant formal letter from a financial institution offering credit facilities to a borrower, detailing key terms and conditions under Malaysian banking regulations.
Download
Cash Collateralized Letter Of Credit
Malaysian law-governed agreement for a cash-backed letter of credit facility, establishing terms between bank, applicant, and beneficiary.
Download
SBLC At Sight
A Malaysian-law governed Standby Letter of Credit that provides immediate payment guarantee upon presentation of compliant documents.
Download
Usance Lc Discounting
Malaysian law-governed agreement for discounting of Usance Letters of Credit between financial institutions and beneficiaries.
Download
Revolving SBLC
A Malaysian law-governed revolving standby letter of credit agreement establishing terms for an automatically renewable financial guarantee facility.
Download
Payment Terms Dlc
Malaysian-law governed payment terms document for Documentary Letter of Credit transactions, establishing secure international trade payment conditions.
Download
Non Transferable SBLC
A Malaysian law-governed Non-Transferable Standby Letter of Credit that provides payment guarantee to a specific beneficiary, with explicit prohibition on transfer or assignment.
Download
Non Operative SBLC
A Malaysian-law governed standby letter of credit serving as a bank guarantee for payment or performance obligations, subject to Malaysian banking regulations.
Download
Negotiable Lc
A Malaysian law-governed banking instrument that provides payment security in international trade through a negotiable letter of credit structure.
Download
Mixed Payment Lc
A Malaysian-compliant financial instrument that combines multiple payment methods in a Letter of Credit for international trade transactions.
Download
Irrevocable Non Transferable Letter Of Credit
A Malaysian law-governed banking instrument that provides an irrevocable and non-transferable payment guarantee in international trade, subject to document compliance.
Download
Direct Pay Standby Letter Of Credit
A Malaysian law-governed standby letter of credit providing payment security through an irrevocable bank undertaking, subject to document compliance.
Download
Credit Card Clearance Letter
A Malaysian banking document confirming complete settlement and closure of a credit card account, issued by the card-issuing bank.
Download
Freely Negotiable Letter Of Credit
A Malaysian-governed banking instrument that provides payment assurance in international trade, allowing negotiation at any bank worldwide.
Download
Transferable Lc At Sight
A Malaysian-compliant financial instrument allowing transfer of letter of credit rights to second beneficiaries with payment at sight, governed by UCP 600 and local banking regulations.
Download
Straight Letter Of Credit
A Malaysian law-governed banking instrument providing direct, irrevocable payment commitment in international trade transactions.
Download
Small Business Letter Of Credit
A Malaysian-law governed Letter of Credit document tailored for small business transactions, providing payment security in international trade.
Download
Secured Letter Of Credit
A Malaysian law-governed financial instrument combining a traditional letter of credit with security arrangements, providing enhanced protection for the issuing bank through collateral requirements.
Download
Red Letter Of Credit
A Malaysian-governed banking instrument that provides payment security in international trade transactions, subject to Malaysian banking regulations and UCP 600.
Download
Loan Facility Letter
A Malaysian law-governed document issued by financial institutions outlining approved loan facility terms and conditions, compliant with local banking regulations and Financial Services Act 2013.
Download
Non Operative Letter Of Credit
A Malaysian law-governed banking instrument that provides conditional payment guarantee in international trade, pending activation upon fulfillment of specified conditions.
Download
Letter Of Credit 90 Days
A Malaysian law-governed trade finance instrument providing 90-day deferred payment terms with bank-guaranteed security for international trade transactions.
Download
Letter Of Credit 60 Days
A Malaysian-law governed Letter of Credit providing 60-day deferred payment terms for international trade transactions, regulated under local banking laws and UCP 600.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)