tiktok成人版

Usance Lc Discounting for United Arab Emirates

Usance Lc Discounting Template for United Arab Emirates

This agreement, governed by UAE law, establishes the terms and conditions for discounting Usance Letters of Credit, enabling exporters to receive immediate payment for their goods while providing banks with a secure trade finance instrument. The document encompasses UAE Central Bank regulations, international banking practices, and optional Shariah-compliant structures, making it suitable for both conventional and Islamic banking arrangements in the UAE's dynamic trading environment. It details the discounting mechanism, pricing structure, rights and obligations of parties, and risk mitigation measures in accordance with UAE financial regulations and international trade finance standards.

Your data doesn't train Genie's AI

You keep IP ownership聽of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Usance Lc Discounting

Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Usance Lc Discounting?

This document is essential for trade finance operations in the UAE, specifically dealing with Usance LC Discounting arrangements between financial institutions and exporters. It's primarily used when exporters need to receive immediate payment for goods sold under a deferred payment Letter of Credit, rather than waiting for the maturity date. The agreement incorporates UAE Central Bank requirements, international banking practices, and can be structured to comply with both conventional and Islamic banking principles. It typically includes detailed provisions for discount calculations, document handling, risk allocation, and default scenarios. The document is particularly relevant in the UAE context given the country's position as a major trading hub and its dual banking system that accommodates both conventional and Islamic financial institutions.

What sections should be included in a Usance Lc Discounting?

1. Parties: Identification of the discounting bank and the beneficiary/seller

2. Background: Context of the LC transaction and purpose of the discounting arrangement

3. Definitions: Key terms used in the agreement including LC-specific terminology

4. Discounting Facility: Core terms of the discounting arrangement including limits and conditions

5. Pricing and Calculations: Discount rate, fees, and calculation methodologies

6. Conditions Precedent: Prerequisites for discounting including document requirements

7. Representations and Warranties: Standard and LC-specific representations by the beneficiary

8. Covenants: Ongoing obligations of the parties during the facility period

9. Payment Mechanics: Process for disbursement and collection of payments

10. Events of Default: Circumstances constituting default and consequences

11. Remedies: Rights and actions available upon default

12. Governing Law and Jurisdiction: UAE law provisions and jurisdiction specifications

What sections are optional to include in a Usance Lc Discounting?

1. Shariah Compliance: Required if the facility needs to be Shariah-compliant, including relevant structuring and principles

2. Security Arrangements: Include if additional security beyond the LC is required

3. Insurance: Required if specific insurance obligations are imposed on the beneficiary

4. Tax Provisions: Include if cross-border elements require specific tax treatments

5. Assignment: Include if rights under the facility may be assigned to third parties

6. Anti-Money Laundering: Include for high-value facilities or where required by bank policy

What schedules should be included in a Usance Lc Discounting?

1. Schedule 1 - Form of Discount Request: Standard form for requesting discounting of specific LCs

2. Schedule 2 - Calculation of Discount Rate: Detailed methodology for calculating the applicable discount rate

3. Schedule 3 - Required Documents: List of documents required for each discounting request

4. Schedule 4 - Fees and Charges: Detailed breakdown of all applicable fees and charges

5. Appendix A - Form of LC: Sample or template of acceptable LC format

6. Appendix B - Compliance Certificates: Templates for various compliance certificates required

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Document Type

Letter of Credit

Cost

Free to use
Relevant legal definitions






































Clauses































Relevant Industries

Banking & Financial Services

International Trade

Manufacturing

Import/Export

Commodities Trading

Retail

Wholesale Distribution

Shipping & Logistics

Oil & Gas

Textiles

Agriculture

Relevant Teams

Legal

Trade Finance

Credit Risk

Treasury

Commercial Banking

Operations

Compliance

Islamic Banking

International Banking

Documentary Credits

Transaction Banking

Relevant Roles

Trade Finance Manager

Credit Risk Officer

Legal Counsel

Treasury Manager

Commercial Banking Officer

Trade Operations Manager

Relationship Manager

Chief Financial Officer

Finance Director

Compliance Officer

Islamic Banking Specialist

Export Finance Manager

Documentary Credits Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Application Letter For Lc

A UAE-compliant formal application to a bank requesting the issuance of a Letter of Credit, governed by UAE banking regulations and international UCP 600 rules.

find out more

Loan Against Letter Of Credit

UAE-governed loan agreement securing finance against a Letter of Credit, compliant with UAE banking and commercial laws.

find out more

Collateral For Letter Of Credit

A UAE law-governed security agreement establishing collateral arrangements to secure Letter of Credit obligations, compliant with UAE banking regulations and commercial law.

find out more

180 Days Usance Lc

A UAE-governed financial instrument providing 180-day deferred payment terms in international trade, backed by bank guarantee and regulated under UAE commercial law.

find out more

Export Lc Discounting

UAE-governed agreement for discounting export Letters of Credit, establishing terms between financial institutions and exporters for early payment against LCs.

find out more

Cash Collateralized Letter Of Credit

UAE law-governed agreement for issuing Letters of Credit backed by cash collateral, establishing terms between bank and applicant under UAE Commercial Transactions Law.

find out more

Application For Letter Of Credit

A UAE-compliant formal application to a bank requesting the issuance of a Letter of Credit for securing international trade transactions, governed by UAE Commercial Law and UCP 600.

find out more

Letter To Bank For Reversal Of Amount

A formal request letter to UAE banks for reversing a transaction amount, complying with UAE banking regulations and providing necessary transaction details.

find out more

Contour Letter Of Credit

A UAE law-governed digital Letter of Credit issued via the Contour platform, providing secure payment guarantee in international trade transactions.

find out more

Loan Against Irrevocable Lc

UAE law-governed financing agreement for loans secured against irrevocable Letters of Credit, incorporating UAE banking regulations and commercial code requirements.

find out more

Usance Lc Discounting

UAE-governed agreement for discounting Usance Letters of Credit, facilitating trade finance between banks and exporters under UAE banking regulations.

find out more

Transferring Bank In Lc

UAE-governed document establishing terms and conditions for Letter of Credit transfers through a Transferring Bank, compliant with UAE banking laws and regulations.

find out more

Sight Lc And Usance Lc

UAE-governed Letter of Credit document for international trade, offering either immediate (Sight) or deferred (Usance) payment terms under UAE law and UCP 600.

find out more

Revolving SBLC

UAE law-governed Revolving SBLC agreement establishing an automatically reinstating credit facility, compliant with UAE banking regulations and international standards.

find out more

Payment Terms Dlc

UAE-governed payment terms document for Documentary Letters of Credit, incorporating local banking regulations and international practices.

find out more

Payment Against Lc

UAE-governed document establishing terms and conditions for Letter of Credit payment arrangements in international trade transactions.

find out more

Non Transferable SBLC

A UAE-governed banking instrument providing payment guarantee from a bank to a specific, non-transferable beneficiary, subject to defined conditions.

find out more

Non Transferable Letter Of Credit

A UAE-governed banking instrument that provides payment security in international trade while explicitly prohibiting transfer of drawing rights to third parties.

find out more

Non Operative SBLC

A UAE-governed standby letter of credit serving as a bank-issued payment guarantee in international trade, compliant with UAE Federal Laws and international banking practices.

find out more

Negotiation Bank In Lc

UAE-governed agreement establishing terms for Letter of Credit negotiations between banks and beneficiaries, aligned with UAE banking laws and international practices.

find out more

Negotiable Lc

A UAE-governed banking instrument that provides payment security in international trade, combining local UAE banking regulations with international standards for letter of credit transactions.

find out more

Mixed Payment Lc

A UAE-law governed trade finance instrument combining immediate and deferred payment mechanisms for international trade transactions.

find out more

Letter Of Credit For Domestic Transactions

A UAE-governed banking instrument that guarantees payment for domestic transactions between UAE-based parties, subject to the presentation of compliant documents.

find out more

Letter Of Credit Discounting Charges

A UAE-governed banking document that specifies all charges and terms related to Letter of Credit discounting services.

find out more

Letter Of Credit Available With

A UAE-governed banking instrument that specifies the nominated bank where a Letter of Credit is available and how it can be utilized in international trade transactions.

find out more

Letter For OverFacility

A UAE-governed banking document that establishes an overdraft facility agreement between a bank and customer, specifying credit limits and terms under UAE banking regulations.

find out more

Lc In Purchase Order

A UAE-governed financial instrument combining Letter of Credit requirements with purchase order specifications, providing payment security and transaction details under UAE commercial law.

find out more

Irrevocable Non Transferable Letter Of Credit

A UAE-governed banking instrument providing guaranteed payment in international trade, issued as an irrevocable and non-transferable commitment under UAE Commercial Code and UCP 600.

find out more

Irrevocable Lc Payment Terms

UAE-governed payment terms document for irrevocable letters of credit, establishing secure international trade payment conditions under UAE law and UCP 600.

find out more

Direct Pay Standby Letter Of Credit

A UAE-governed banking instrument providing irrevocable payment commitment upon document presentation, combining local banking laws with international practices.

find out more

Cumulative Revolving Letter Of Credit

UAE-governed trade finance instrument establishing an automatically reinstating credit facility for multiple drawings, compliant with UAE banking laws and UCP 600.

find out more

Credit Card Clearance Letter

A UAE-compliant formal confirmation letter issued by a bank declaring full settlement and closure of a credit card account with no outstanding obligations.

find out more

Freely Negotiable Letter Of Credit

A UAE-governed banking instrument that provides a secure payment mechanism in international trade, allowing for negotiation by any bank worldwide.

find out more

Verbiage Letter Of Credit

A UAE-governed banking instrument that guarantees payment in international trade transactions, subject to UAE Commercial Code and UCP 600 rules.

find out more

Transferable Lc At Sight

A UAE-governed financial instrument allowing transfer of letter of credit rights with payment at sight, facilitating secure international trade transactions.

find out more

Straight Letter Of Credit

A UAE-governed banking instrument providing secure payment guarantee in international trade transactions, subject to UAE Federal Law and UCP 600.

find out more

Small Business Letter Of Credit

A UAE-governed Letter of Credit document providing payment security for small businesses in international trade transactions, complying with UAE banking laws and UCP 600.

find out more

Loan Facility Letter

A UAE-governed document issued by a financial institution outlining loan facility terms and conditions, compliant with UAE banking and commercial laws.

find out more

Non Operative Letter Of Credit

A UAE-governed preliminary Letter of Credit that outlines terms and conditions but remains inoperative until specific conditions are met, following UAE banking regulations and UCP 600.

find out more

Letter Of Credit In Logistics

A UAE-governed banking instrument that guarantees payment in international trade transactions upon presentation of compliant logistics and shipping documents.

find out more
See more related templates

骋别苍颈别鈥檚 Security Promise

Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; 骋别苍颈别鈥檚 AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it