IECA Irrevocable Standby Letter of Credit Form and Supporting Documentation

IECA Irrevocable Standby Letter of Credit Form
IECA Letter of Credit Practice Tips for Standby Letters of Credit Subject to ISP98
IECA Irrevocable Standby Letter of Credit Provisions to Paragraph 13 of the ISDA ® 1994 Credit Support Annex
IECA Irrevocable Standby Letter of Credit Provisions to Paragraph 13 of the ISDA ® 2016 Credit Support Annex for Variation Margin (VM)
This tool is a standardized irrevocable standby Letter of Credit form for industry wide use. The supporting documentation includes practice tips for using standby Letters of Credit and recommended provisions for Paragraph 13 of the 1994 ISDA® Credit Support Annexand Paragraph 13 of the 2016 ISDA ® Credit Support Annex for Variation Margin (VM).

Any company that uses and/or accepts Letters of Credit as a form of collateral will benefit from using the IECA documentation. The IECA Letter of Credit form was drafted and prepared by a diverse group of experienced energy professionals including some of the industry’s top lawyers, credit and finance professionals. The IECA Letter of Credit form was prepared specifically for energy companies and the way Letters of Credit are used in the energy industry.

The people that deserve special thanks are Doug Lanzo, Chair of the IECA Letter of Credit Working Group, Ginger Price, Geoffrey Heffernan, Jeremy Weinstein, KC Hairston, John Evenstad, Mark Sherrill, Craig Enochs, Ryan Evans, CJ Lee, Delia White, Karen Scott, Kari Olesen, Todd Rodgers, Joseph Yu and Phil Lookadoo.

If you are a non-member and would like to purchase these documents, please visit our IECA bookstore HERE.

Files
ieca_1994_csa_paragraph_13_provisions_2016_v._1.docx
ieca_2016_csavm_paragraph_13_provisions_2016_v._1.docx
ieca_letter_of_credit_form_2016_v._1_6_0.docx
ieca_letter_of_credit_practice_tips_2016_v.1.pdf