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This document template is designed for situations requiring a secure, independent payment guarantee where the issuing bank's recourse against the applicant is limited or eliminated under specific circumstances. The Non-Recourse SBLC is particularly useful in project financing, international trade, and large commercial transactions where risk allocation is crucial. It combines Swiss banking law requirements with international banking practices, providing a robust framework for the issuance and operation of standby letters of credit. The document addresses key aspects such as drawing conditions, document presentation requirements, and the specific circumstances under which the non-recourse provisions apply. It's commonly used when the applicant seeks to limit their liability exposure while providing the beneficiary with a reliable payment security instrument backed by a Swiss bank's creditworthiness.

1. Parties: Identification of all parties: the Bank (issuer), the Applicant, and the Beneficiary

2. Background: Context of the SBLC issuance, underlying transaction, and relationship between parties

3. Definitions: Key terms used throughout the document, including banking and technical terminology

4. SBLC Terms and Amount: Specific terms of the SBLC, including amount, currency, and validity period

5. Non-Recourse Provisions: Clear stipulation of the non-recourse nature and its limitations

6. Drawing Conditions: Specific conditions under which the SBLC can be drawn, required documentation

7. Presentation Requirements: Format, timing, and manner of presenting documents for drawing

8. Bank's Obligations: Scope and extent of the bank's commitment and examination duties

9. Fees and Charges: All applicable fees, charges, and payment terms

10. Representations and Warranties: Statements of fact and assurances from parties

11. Communications: Methods and requirements for official communications between parties

12. Governing Law and Jurisdiction: Confirmation of Swiss law governance and jurisdiction details

13. Termination: Conditions and process for SBLC termination or expiry