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Letters of Guarantee, Letters of Credit and Trade Finance Facilities

C 33/2015 GUI Effective from 1/12/2015
  1. 128) LGs and LCs that are not trade finance related will be assessed based upon the nature of the beneficiary of the guarantee and the draw down assumptions as relates to credit lines, as above, will apply. However, if by the nature of the transaction 100% of the guarantee is likely to be drawn down at once then it must be assumed to be a liquidity facility and treated accordingly.
  2. 129) LCs and other trade finance facilities receive 5% draw down on the outstanding amount.