The Domestic Standby Letter of Credit Desk Book For Business Professionals, Bankers and Lawyers

A concise, single volume review of standby letter of credit law and practice.
Publisher: LexisNexis
Print Book :Print
2015 Edition
$144.00
Quantity
In Stock
ISBN: 9781632838926
Publisher: LexisNexis
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Product details

The Domestic Standby Letter of Credit Desk Book for Business Professionals, Bankers and Lawyers, presents a concise and readable review of standby letter of credit law and practice. The book's goal is to fashion a platform of working knowledge regarding a remarkable commercial device, the standby letter of credit, and to bring that platform to lawyers, bankers, and other parties engaged in commercial activity.

The standby letter of credit is now coming into its own. Oil and gas financing, real estate development, automobile financing, municipal finance, bond markets, and even the domestic open account sale are fertile areas for the standby. In fact, any transaction in which one party holds the executory promise of another lends itself to the credit enhancement and low cost features of the standby.

The Domestic Standby Letter of Credit Desk Book for Business Professionals, Bankers and Lawyers foregoes lengthy citation to cases and scholarly literature, but provides a strong emphasis on making the standby understandable to the many legal, financial, and business people for whom the standby may be an attractive commercial bank product.

Table of Contents

CHAPTER 1 The Idiosyncratic Standby

CHAPTER 2 Related Contracts and Relationships

CHAPTER 3 The Standby's Role: Some Illustrative Transactions

CHAPTER 4 Applicants

CHAPTER 5 Beneficiaries

CHAPTER 6 Issuers

CHAPTER 7 Correspondent Banks

CHAPTER 8 Drafting Documents

CHAPTER 9 Honoring or Dishonoring the Standby

CHAPTER 10 Remedies

CHAPTER 11 Fraud in the Transaction: An Exception to the Independence Principle

CHAPTER 12 Insolvency Issues