The Irrevocable Standby Letter of Credit is a sophisticated financial instrument used to provide payment security in various commercial transactions. It serves as a backup payment mechanism, typically utilized when one party requires financial assurance from another party's bank. Under Danish law, these documents must comply with both local financial regulations and EU banking requirements, while also adhering to international banking standards such as UCP 600 and ISP98. The document becomes particularly relevant in international trade, construction projects, performance guarantees, and financial obligations where parties seek a reliable, bank-backed payment assurance. The irrevocable nature means it cannot be modified or cancelled without the agreement of all parties involved, providing robust security for beneficiaries.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Key Requirements PROMPT example:
Irrevocable Standby Letter Of Credit
I need an Irrevocable Standby Letter of Credit for EUR 2.5 million to secure our company's performance obligations for a wind farm construction project in Copenhagen, with Danish Bank A/S as the issuing bank and expiring on March 15, 2025.
1. Letter Reference Number: Unique identifier for the SBLC as per banking requirements
2. Date of Issuance: The official date when the SBLC becomes effective
3. Issuing Bank Details: Complete name, address, and SWIFT code of the issuing bank
4. Beneficiary Details: Full name and address of the party in whose favor the SBLC is issued
5. Applicant Details: Full name and address of the party requesting the SBLC
6. Currency and Amount: The monetary value of the SBLC, in numbers and words
7. Expiry Date: The date and place where the SBLC expires
8. Drawing Terms: Specific conditions and documentation required for claiming payment
9. Purpose of SBLC: Clear statement of the underlying transaction or obligation being secured
10. Governing Law Declaration: Statement specifying Danish law as governing law
11. UCP/ISP Declaration: Reference to applicable rules (UCP 600 or ISP98)
1. Transferability Clause: Section specifying whether the SBLC can be transferred to another beneficiary, included when transferability is requested
2. Partial Drawings: Clause specifying whether partial drawings are allowed, included when this flexibility is needed
3. Automatic Extension Clause: Details of any automatic extension provisions, included for SBLCs that may need to be extended
4. Counter-Guarantee Details: Information about any counter-guarantee arrangements, included in cases involving multiple banks
5. Special Payment Conditions: Any specific payment terms or conditions, included when standard payment terms are modified
6. Force Majeure Provisions: Specific provisions for force majeure events, included when additional protection is needed
1. Required Documentation Format: Specific formats and templates for documents required for drawing under the SBLC
2. Drawing Certificate Template: Standard format for the beneficiary's drawing certificate
3. Fee Schedule: Detailed breakdown of banking fees and charges, if applicable
4. Authorization Documents: Copies of corporate authorizations and powers of attorney, where required
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
International Trade
Construction and Infrastructure
Manufacturing
Energy and Utilities
Real Estate
Shipping and Maritime
Telecommunications
Retail and Wholesale
Professional Services
Relevant Teams
Treasury
Trade Finance
Legal
Compliance
Risk Management
Commercial Banking
International Banking
Corporate Finance
Credit Administration
Banking Operations
Documentary Credits
Financial Control
Relevant Roles
Chief Financial Officer
Treasury Manager
Trade Finance Manager
Financial Controller
Credit Manager
Risk Manager
Commercial Banking Officer
International Trade Specialist
Legal Counsel
Compliance Officer
Business Development Manager
Account Relationship Manager
Documentary Credits Specialist
Banking Operations Manager
Corporate Finance Manager
Find the exact document you need
Lc Guarantee
A Danish law-governed bank guarantee document providing financial security in international trade transactions, incorporating local and EU banking regulations.
find out more
Revocable Lc
A Danish law-governed banking instrument that provides a revocable payment guarantee in international trade, subject to specified conditions and documentation requirements.
find out more
Letter Of Credit Project (Finance)
A Danish law-governed document establishing terms for a project finance letter of credit facility, incorporating local regulations and international banking standards.
find out more
Irrevocable Unconfirmed Letter Of Credit
An Irrevocable Unconfirmed Letter of Credit under Danish law, providing a secure payment mechanism for international trade with a single bank's payment guarantee.
find out more
Lc Agreement
Danish-law governed Letter of Credit Agreement establishing terms for documentary credits, incorporating UCP 600 rules and Danish financial regulations.
find out more
Standby Guarantee
A Danish law-governed bank guarantee instrument providing financial security through an independent payment undertaking upon documented default of specified obligations.
find out more
Letter Of Credit Fee
A Danish law-governed agreement establishing fees and payment terms for Letter of Credit services between a bank and its business clients.
find out more
Cash Collateralized Letter Of Credit
Danish law-governed agreement for a Cash Collateralized Letter of Credit, establishing terms for cash security, drawing conditions, and parties' rights and obligations.
find out more
Advance Payment Lc
A Danish law-governed financial instrument that secures advance payments in international trade by providing bank-guaranteed protection for buyer's prepayments to sellers.
find out more
Negotiable Lc
A Danish law-governed Negotiable Letter of Credit providing secure, transferable payment guarantee in international trade, following UCP 600 rules and Danish banking regulations.
find out more
Letter Of Credit Available With
A Danish law-governed Letter of Credit document that enables payment through nominated banks, combining local regulations with UCP 600 standards for international trade financing.
find out more
Recourse Letter Of Credit
A Danish law-governed banking instrument providing payment security in international trade with full recourse rights against the applicant.
find out more
Letter Of Credit 60 Days
A Danish law-governed Letter of Credit providing 60-day deferred payment terms for international trade transactions, incorporating both Danish and EU regulatory requirements.
find out more
Letter Of Credit 30 Days
A Danish law-governed banking instrument that guarantees payment to a seller within 30 days upon presentation of compliant trade documents.
find out more
Green Letter Of Credit
A Danish law-governed Letter of Credit that includes specific environmental and sustainability requirements, combining traditional trade finance security with green compliance standards.
find out more
Digital Letter Of Credit
A Danish law-governed digital financial instrument that provides secure payment assurance in international trade through electronic documentation and verification systems.
find out more
Trade Finance Letter Of Credit
A Danish law-governed bank guarantee ensuring secure payment in international trade transactions, subject to specified document requirements and compliance with UCP 600.
find out more
Unconditional Letter Of Credit
A Danish law-governed bank guarantee providing unconditional payment commitment to a beneficiary, typically used in international trade transactions.
find out more
Syndicated Letter Of Credit
Danish law-governed agreement establishing a multi-bank letter of credit facility with shared risk and funding obligations among syndicate members.
find out more
Structured Letter Of Credit
A Danish law-governed banking instrument providing secured payment commitment in international trade, combining local financial regulations with UCP 600 standards.
find out more
Revolving Letter Of Credit
Danish law-governed Revolving Letter of Credit establishing terms for recurring trade finance between parties, with automatic renewal features.
find out more
Operative Letter Of Credit
A Danish law-governed banking instrument that provides payment security in international trade through an irrevocable undertaking by a bank to pay against compliant documents.
find out more
Letter Of Credit Loc
A Danish-law governed Letter of Credit providing payment security in international trade, combining local regulations with UCP 600 standards.
find out more
Letter Of Credit Amendment
A Danish law-governed document modifying terms of an existing Letter of Credit, compliant with both Danish financial regulations and international banking practices.
find out more
Issuing Bank Letter Of Credit
A Danish law-governed bank document guaranteeing payment in international trade transactions, subject to specified conditions and document presentation.
find out more
Fronting Fee Letter Of Credit
A Danish law-governed document establishing fronting fee arrangements and payment terms for letter of credit services provided by a fronting bank.
find out more
Fixed Letter Of Credit
A Danish law-governed banking instrument that provides a fixed, irrevocable payment guarantee in international trade transactions, subject to document compliance.
find out more
Direct Letter Of Credit
A Danish law-governed financial instrument issued by a bank guaranteeing payment in international trade transactions, subject to document compliance.
find out more
Commercial Letter Of Credit
A Danish law-governed bank guarantee ensuring secure payment in international trade, issued by a bank to a seller on behalf of a buyer, subject to specified documentary conditions.
find out more
Bond Letter Of Credit
A Danish law-governed financial instrument combining bond security with documentary credit features, providing payment guarantee for bond-related obligations.
find out more
Advised Letter Of Credit
A Danish law-governed banking instrument where an advising bank verifies and communicates a letter of credit's authenticity to the beneficiary, facilitating secure international trade transactions.
find out more
Credit Rejection Letter
A legally compliant Danish financial institution letter informing applicants of credit application rejection, including decision rationale and next steps.
find out more
Usance Lc
A Danish law-governed Usance Letter of Credit providing deferred payment terms for international trade transactions, combining local legal requirements with international banking standards.
find out more
Transferable Lc
A Danish law-governed transferable letter of credit that enables the transfer of rights to second beneficiaries while ensuring secure payment in international trade transactions.
find out more
Letter Of Credit Facility Agreement
A Danish law-governed agreement establishing terms for a bank to issue letters of credit on behalf of a corporate borrower, subject to Danish banking regulations and UCP 600.
find out more
Deferred Lc
Danish law-governed Deferred Letter of Credit agreement establishing terms for future payment commitment in international trade transactions.
find out more
Bank Guarantee Letter Of Credit
A Danish law-governed bank document that guarantees payment in international trade transactions upon presentation of specified documents.
find out more
Documentary Letter Of Credit
A bank-issued payment guarantee document governed by Danish law, providing security in international trade transactions through documentary requirements.
find out more
Confirmed Lc
A Danish law-governed banking instrument providing dual-bank payment guarantee in international trade, combining local regulations with international banking practices.
find out more
Confirmed Irrevocable Letter Of Credit
A Danish law-governed financial instrument providing dual-bank payment guarantee in international trade, offering irrevocable commitment and enhanced security through bank confirmation.
find out more
Acceptance Lc
A Danish law-governed banking instrument that guarantees future payment to a seller through bank acceptance of time drafts under UCP 600 rules.
find out more
Import Letter Of Credit
A Danish law-governed bank undertaking to pay a seller against compliant presentation of specified trade documents, operating under UCP 600 rules.
find out more
Letter Of Credit Agreement
Danish law-governed agreement establishing terms for issuing letters of credit, combining local regulations with international banking practices.
find out more
Irrevocable Transferable Lc
A Danish law-governed banking instrument that provides an irrevocable payment commitment in international trade, with the ability to transfer rights to secondary beneficiaries.
find out more
Export Letter Of Credit
A Danish law-governed financial instrument that provides payment security in international trade through bank-guaranteed payment against compliant document presentation.
find out more
At Sight Lc
A Danish law-governed Letter of Credit providing immediate payment upon presentation of compliant documents, following UCP 600 rules and Danish banking regulations.
find out more
Payment Guarantee Letter To Supplier
A Danish law-governed financial instrument where a guarantor commits to ensure payment to a supplier if the buyer defaults on their payment obligations.
find out more
Lc Letter Of Credit
A Danish law-governed bank-issued payment guarantee instrument for international trade transactions, combining local regulations with UCP 600 rules.
find out more
Credit Facility Letter
A Danish law-governed document issued by a financial institution detailing the terms and conditions of an approved credit facility, serving as a formal offer and binding agreement once accepted.
find out more
Performance Letter Of Guarantee
A Danish law-governed bank guarantee ensuring a party's performance obligations, providing financial security to the beneficiary if the principal fails to meet contractual commitments.
find out more
Standby Letter Of Credit
A Danish law-governed bank guarantee instrument providing payment security upon specified default events, following Danish banking regulations and international standards.
find out more
Evergreen Letter Of Credit
A Danish law-governed automatically renewing Letter of Credit that provides continuous payment security in international trade transactions.
find out more
Irrevocable Standby Letter Of Credit
A Danish law-governed banking instrument providing an irrevocable payment guarantee, combining local financial regulations with international banking practices.
find out more
Irrevocable Letter Of Guarantee
A Danish law-governed bank guarantee providing irrevocable assurance of payment to a beneficiary upon specified conditions.
find out more
Bank Guarantee Letter
A Danish law-governed financial instrument where a bank guarantees payment to a beneficiary on behalf of its client, subject to specified terms and conditions.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
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
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a 拢1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.