The Structured Letter of Credit is a sophisticated banking instrument used when standard letters of credit are insufficient for complex transaction requirements. This document type is particularly relevant for transactions requiring specific trigger events, performance-based payments, or other structured elements. Governed by Philippine law, particularly the General Banking Law of 2000 and BSP regulations, it provides enhanced security and flexibility for international trade financing while incorporating structured finance features. The document is commonly used in large-scale international trade transactions, project financing, or when parties require more sophisticated payment arrangements than those offered by traditional LCs. The Structured Letter of Credit includes detailed provisions for payment conditions, document requirements, and structured elements, making it suitable for complex cross-border transactions requiring specific performance metrics or staged payments.
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1. Issuing Bank Details: Complete details of the issuing bank including address and reference numbers
2. Date and Reference: Issue date and unique LC reference number
3. Beneficiary Details: Full name and address of the beneficiary
4. Applicant Details: Full name and address of the LC applicant
5. Credit Amount and Currency: Specification of the LC amount and currency, including any tolerance levels
6. Structure and Trigger Events: Detailed description of the structured elements and conditions that trigger payment
7. Available With/By: Terms of availability and method of payment
8. Expiry Details: Expiry date and place
9. Document Requirements: List of required documents for presentation
10. Payment Terms: Detailed payment conditions and timeline
11. Special Conditions: Any special terms or conditions specific to this structured LC
1. Transfer Provisions: Include when the LC needs to be transferable to second beneficiaries
2. Revolving Terms: Include when the LC has revolving features
3. Syndication Details: Include when multiple banks are involved in issuing the LC
4. Green Structure Provisions: Include when the LC involves sustainable or green finance elements
5. Islamic Banking Compliance: Include when the LC needs to comply with Islamic banking principles
6. Counter-Guarantee Terms: Include when there's a counter-guarantee structure involved
1. Schedule A - Pricing Matrix: Detailed pricing structure and calculations for the structured elements
2. Schedule B - Required Documents: Comprehensive list of required documents and their specifications
3. Schedule C - Performance Metrics: Details of any performance-based triggers or conditions
4. Schedule D - Bank Forms: Standard forms for presentations and demands
5. Appendix 1 - Risk Disclaimers: Standard risk warnings and disclaimers
6. Appendix 2 - Structured Product Terms: Detailed terms of the structured elements
7. Appendix 3 - Authorized Signatories: List of authorized signatories and specimen signatures
Relevant legal definitions
Clauses
Relevant Industries
Banking
International Trade
Import/Export
Manufacturing
Commodities Trading
Infrastructure
Energy
Maritime and Shipping
Agriculture
Construction
Mining
Telecommunications
Relevant Teams
Trade Finance
International Banking
Structured Finance
Global Transaction Banking
Treasury
Risk Management
Compliance
Legal
Credit Analysis
Operations
Documentary Credits
Client Relations
Relevant Roles
Trade Finance Manager
Documentary Credits Officer
International Banking Manager
Structured Finance Director
Global Transaction Banking Officer
Chief Financial Officer
Treasury Manager
Trade Operations Manager
Risk Management Officer
Compliance Officer
Import/Export Manager
Senior Credit Analyst
Banking Relationship Manager
Trade Finance Specialist
Documentary Collections Officer
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