The Letter of Credit Loan Agreement is a critical document in trade finance, particularly within Singapore's robust financial services sector. It establishes the legal framework for banks to issue letters of credit on behalf of customers engaged in international trade. The agreement specifies facility limits, usage conditions, fees, and security requirements, while ensuring compliance with Singapore banking regulations and international trade practices. This document is essential for businesses requiring trade finance support and banks managing their letter of credit portfolio risks.
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:
Letter Of Credit Loan Agreement
"Need a Letter of Credit Loan Agreement for our Singapore trading company with a facility limit of SGD 5 million, including specific provisions for multiple beneficiaries in various ASEAN countries and security in the form of cash deposits."
1. Parties: Identifies the lender (typically a bank) and borrower with full legal names and addresses
2. Background: Explains the context of the LC facility and purpose of the loan
3. Definitions: Defines key terms used tHRoughout the agreement including banking terms, financial covenants, and LC-specific terminology
4. Facility Details: Specifies LC amount, purpose, terms, and conditions of the letter of credit facility
5. Conditions Precedent: Prerequisites that must be satisfied before the LC facility becomes available
6. Representations and Warranties: Borrower's confirmations about their legal and financial status
7. Covenants: Ongoing obligations of the borrower tHRoughout the facility period
8. Events of Default: Circumstances that allow lender to terminate facility and demand immediate repayment
9. Fees and Expenses: All charges, commissions, and costs related to the LC including issuance fees and amendment charges
1. Security Arrangements: Details of any collateral or security provided for the LC facility
2. Insurance Requirements: Specific insurance obligations required for the underlying trade transaction
3. Syndication Provisions: Terms governing participation of multiple lenders in the facility
1. Form of LC Application: Standard form template for requesting issuance of Letters of Credit
2. Fee Schedule: Detailed breakdown of all applicable fees, charges, and commission rates
3. Security Documents: Forms of security documents and collateral arrangements if facility is secured
4. Conditions Precedent Documents: Comprehensive list of required documents and evidence to be provided
5. Authorized Signatories: List of persons authorized to request LCs under the facility
Authors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Revolving Facility Agreement
A Singapore law-governed agreement establishing a revolving credit facility with flexible drawdown and repayment terms.
find out more
Credit Payment Agreement Letter
A formal document under Singapore law that establishes credit payment terms between a creditor and debtor.
find out more
Credit Facility Letter To Customer
A formal document issued by Singaporean financial institutions outlining approved credit facility terms and conditions in accordance with local banking regulations.
find out more
Money Lending Agreement
A Singapore-compliant agreement between a licensed moneylender and borrower establishing terms for a loan under the Moneylenders Act.
find out more
Credit Application And Agreement
A Singapore-law governed document combining credit application and facility agreement terms, compliant with local banking and financial services regulations.
find out more
Personal Credit Agreement
A legally binding agreement for personal credit lending under Singapore law, establishing terms between lender and borrower.
find out more
General Credit Agreement
A legally binding agreement governing credit facilities between parties under Singapore law, establishing terms for lending, repayment, and security arrangements.
find out more
Voluntary Credit Agreement
A Singapore-law governed agreement establishing terms for voluntary credit between lender and borrower.
find out more
Short Term Credit Agreement
A Singapore-law governed agreement establishing terms for temporary financing between lender and borrower, typically for periods up to 12 months.
find out more
Letter Of Credit Loan Agreement
A Singapore-law governed agreement establishing terms for letter of credit facilities between a bank and borrower.
find out more
Credit And Security Agreement
A Singapore law-governed agreement combining credit facility terms with security arrangements over assets to secure borrower obligations.
find out more
30 Day Credit Agreement
A Singapore-law governed agreement establishing terms for 30-day credit between business parties.
find out more
Credit Term Agreement
A legally binding agreement governing credit terms between parties under Singapore law, specifying credit conditions, interest rates, and repayment terms.
find out more
Credit Service Agreement
A Singapore-governed agreement establishing terms for credit facility provision between a credit provider and borrower, subject to local banking and financial services regulations.
find out more
Credit Default Swap Agreement
A Singapore law-governed agreement for transferring credit risk between parties tHRough a credit default swap mechanism, regulated by MAS.
find out more
Standby Credit Agreement
A Singapore law-governed agreement establishing a standby credit facility between a financial institution and beneficiary, subject to specific drawing conditions.
find out more
Revolving Agreement
A Singapore law-governed agreement establishing a renewable credit facility with specified drawdown and repayment terms.
find out more
Letter Of Credit Reimbursement Agreement
A Singapore law-governed agreement establishing terms for reimbursing banks for letter of credit payments.
find out more
Home Equity Agreement
A Singapore-governed agreement allowing homeowners to access property equity in exchange for sharing future home value appreciation with investors.
find out more
Master Credit Agreement
A Singapore law-governed agreement establishing the framework for multiple credit facilities between lender and borrower.
find out more
Letter Of Credit Contract
A Singapore-law governed agreement establishing terms for a documentary credit facility, incorporating UCP 600 rules and local banking regulations.
find out more
Credit Note Agreement
A Singapore-compliant agreement establishing terms for issuing credit against previous transactions, including GST adjustments and settlement terms.
find out more
Credit Application Agreement
A Singapore-law governed agreement establishing terms for credit provision between a financial institution and applicant, compliant with MAS regulations.
find out more
Revolving Line Of Credit Agreement
A Singapore law-governed agreement establishing a revolving credit facility between lender and borrower, detailing terms for repeated borrowing up to a specified limit.
find out more
Term Facility Agreement
A Singapore law-governed agreement establishing terms for a fixed-term loan facility between lender and borrower.
find out more
Employee Credit Card Agreement
A Singapore-law governed agreement setting out terms for employee use of corporate credit cards, aligned with MAS guidelines.
find out more
Consumer Credit Contract
A Singapore-law governed agreement setting out terms for consumer credit, compliant with local banking and consumer protection regulations.
find out more
Credit Support Agreement
A Singapore law-governed agreement establishing terms for providing and managing financial collateral between counterparties.
find out more
Funds Transfer Agreement
A Singapore law-governed agreement setting out terms and conditions for transferring funds between parties in compliance with local regulations.
find out more
Credit Facilities Agreement
A Singapore law-governed agreement establishing terms for credit facilities between lender and borrower, regulated by MAS.
find out more
Senior Facilities Agreement
A Singapore law-governed agreement setting out terms for senior debt facilities between lenders and corporate borrowers.
find out more
Line Of Credit Agreement
A Singapore-law governed agreement establishing a revolving credit facility between a lender and borrower, setting out terms for borrowing and repayment.
find out more
Credit Assignment Agreement
A Singapore law-governed agreement transferring credit rights from an assignor to an assignee.
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.