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1. Parties: Details of the discounting bank and the beneficiary seeking discounting
2. Background: Context of the LC discounting arrangement and existing relationships
3. Definitions and Interpretation: Definitions of key terms and interpretation rules
4. Scope of Discounting Facility: Overview of the discounting facility and its general terms
5. Discounting Terms: Specific terms including discount rate, tenure, and payment mechanisms
6. Conditions Precedent: Conditions to be satisfied before discounting facility becomes effective
7. Representations and Warranties: Standard and specific representations by the beneficiary
8. Covenants: Ongoing obligations of the beneficiary
9. Payment Terms: Details of payment calculations, timing, and methods
10. Rights and Obligations: Specific rights and obligations of all parties
11. Events of Default: Circumstances constituting default and consequences
12. Remedies: Available remedies in case of default or breach
13. Indemnification: Indemnity provisions and coverage
14. Governing Law and Jurisdiction: Applicable law and jurisdiction for disputes
15. Notices: Communication methods and contact details
16. Miscellaneous: Standard boilerplate provisions
1. Security Arrangements: Additional security or collateral requirements - used when additional security is required beyond the LC
2. Multiple LC Provisions: Special provisions for handling multiple LCs - used when facility covers multiple LCs
3. Cross-Border Provisions: Special provisions for international transactions - used when LC involves foreign entities
4. Syndication Provisions: Provisions for multiple participating banks - used when multiple banks are involved in discounting
5. Force Majeure: Provisions for unforeseen circumstances - used when specifically requested or in high-risk jurisdictions
6. Anti-Money Laundering Compliance: Detailed AML provisions - used for high-value transactions or high-risk parties
7. Insurance Requirements: Specific insurance obligations - used when additional risk coverage is needed
1. Schedule 1 - LC Details: Detailed information about the LC(s) being discounted including issuing bank, value, and maturity
2. Schedule 2 - Discount Calculation Method: Detailed formula and examples of discount calculations
3. Schedule 3 - Fee Schedule: Breakdown of all applicable fees and charges
4. Schedule 4 - Required Documents: List of documents required for discounting and their format
5. Schedule 5 - Authorized Signatories: List of authorized persons who can act on behalf of the parties
6. Appendix A - Standard Forms: Templates for various notices and requests under the agreement
7. Appendix B - Compliance Certificates: Format of compliance certificates to be submitted periodically
Banking and Financial Services
International Trade
Manufacturing
Export-Import
Commodities Trading
Textile Industry
Automotive
Heavy Engineering
Agriculture and Food Processing
Pharmaceuticals
Legal
Finance
Treasury
International Trade
Trade Finance
Risk Management
Compliance
Credit
Operations
Banking Relations
Trade Finance Manager
Chief Financial Officer
Treasury Manager
Export Finance Manager
International Banking Officer
Credit Risk Manager
Compliance Officer
Legal Counsel
Finance Director
Banking Relationship Manager
Trade Operations Manager
Export Manager
Financial Controller
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