Uniform Network Code (UNC) 309 - RG0252 Proposal 12: Timeframes for establishing and extending Guarantees and Letters of Credit

Content:: Correspondence and other
Publication date:: 14 January 2011
Last updated:: 27 June 2017

This proposals seeks to clarify that guarantees and letters of credit will be deemed to have zero value for a User’s Code Credit Limit purposes 30 days before they expire.

Main document

Uniform Network Code (UNC) 309 - RG0252 Proposal 12: Timeframes for establishing and extending Guarantees and Letters of Credit [PDF, 176.04KB]