Letters of Credit & Credit Support

Several major banks and other financial institutions regularly look to Moses & Singer in complex matters involving letters of credit, including litigation and DOCDEX proceedings. The firm's clients are issuers of commercial (documentary), direct-pay, and standby letters of credit and stanby bond purchase agreements, as well as commitments to honor or negotiate documents, bank guarantees and committed lines of credit, both to provide credit for commercial transactions and to provide credit support and liquidity for a variety of obligations, including commercial paper, IDBs, IRBs, and other tax exempt variable rate demand obligations, insurance obligations, asset securitizations, judgments, and other structured financings. One of our partners is at the forefront of this area of banking law and was a leader in the most recent revision of the Uniform Commercial Code's letter of credit provisions (UCC Article 5) and the drafting of the International Standby Practices (rules for standby letters of credit) as well as serving on the Consultative Group for the International Chamber of Commerce’s Uniform Rules on Bank Payment Obligations (URBPO). We regularly work with ICC rules such as UCP600, ISP98, URR 725, URDG 758 and URC 522. The credit facilities range from bilateral to syndicated, from plain vanilla to synthetic and alternative (ALOC) structures. We have also worked on outsourcing and white-label and private-label transactions.

Recent Moses & Singer Letter of Credit Decisions

Trade Finance Description

Letter of Credit Engagements

For more information please contact us.

Prior results do not guarantee a similar outcome.

Overview

Several major banks and other financial institutions regularly look to Moses & Singer in complex matters involving letters of credit, including litigation and DOCDEX proceedings. The firm's clients are issuers of commercial (documentary), direct-pay, and standby letters of credit and stanby bond purchase agreements, as well as commitments to honor or negotiate documents, bank guarantees and committed lines of credit, both to provide credit for commercial transactions and to provide credit support and liquidity for a variety of obligations, including commercial paper, IDBs, IRBs, and other tax exempt variable rate demand obligations, insurance obligations, asset securitizations, judgments, and other structured financings. One of our partners is at the forefront of this area of banking law and was a leader in the most recent revision of the Uniform Commercial Code's letter of credit provisions (UCC Article 5) and the drafting of the International Standby Practices (rules for standby letters of credit) as well as serving on the Consultative Group for the International Chamber of Commerce’s Uniform Rules on Bank Payment Obligations (URBPO). We regularly work with ICC rules such as UCP600, ISP98, URR 725, URDG 758 and URC 522. The credit facilities range from bilateral to syndicated, from plain vanilla to synthetic and alternative (ALOC) structures. We have also worked on outsourcing and white-label and private-label transactions.

Recent Moses & Singer Letter of Credit Decisions

Trade Finance Description

Letter of Credit Engagements

For more information please contact us.

Prior results do not guarantee a similar outcome.