Banking Act (Chapter 19): Primary Singapore legislation governing banking institutions and their operations, including the issuance of bank guarantees and letters of credit
Bills of Exchange Act (Chapter 23): Legislation governing negotiable instruments and related banking documents in Singapore
Monetary Authority of Singapore Act (Chapter 186): Framework for financial sector regulation and supervision by MAS, including oversight of banks issuing SBLCs and guarantees
Electronic Transactions Act (Chapter 88): Legislation governing electronic transactions and digital signatures, relevant for electronic issuance of SBLCs and bank guarantees
International Standby Practices (ISP98): International rules specifically designed for standby letters of credit, providing standardized practices and procedures
UCP 600: Uniform Customs and Practice for Documentary Credits - ICC rules governing letters of credit and standard banking procedures
URDG 758: ICC Uniform Rules for Demand Guarantees - International standards for bank guarantees and demand guarantees
Singapore Contract Law: Common law principles governing formation and enforcement of contracts in Singapore
Companies Act (Chapter 50): Legislation governing corporate entities in Singapore, relevant for corporate beneficiaries and applicants
Stamp Duties Act (Chapter 312): Legislation governing stamp duties applicable to financial instruments and documents in Singapore
MAS Notice 610: Regulatory notice specifying submission requirements for banks, including reporting of contingent liabilities like SBLCs
MAS Guidelines on Risk Management Practices: Guidelines for banks on managing risks associated with issuing guarantees and standby letters of credit
MAS Notice on Prevention of Money Laundering and CTF: Regulatory requirements for anti-money laundering and counter-terrorism financing measures in banking transactions
