When businesspeople engage in mutual business dealings and loans to each other under multiple corporate entities they operate but their
The High Court in Kampala (Uganda) upheld an appellate court decision on 25 July 2025 that Equity Bank lawfully sold
Documentary Credit World is pleased to announce the addition of Edward R. Stoltenberg to our Editorial Advisory Board (EAB). Edward
On a quarterly basis, DCW publishes LC issuance statistics for the Top 600 US banks. For many DCW readers these reports are extremely interesting as they give precise figures for banks’ LC activity and show how a particular bank compares against others in the industry. From time to time, DCW is asked from where do these figures originate?
The LC amounts outstanding for US banks derive from Schedule RC-L Derivatives and Off-Balance Sheet Items (Line Nos. 2-4) of US Federal Deposit Insurance Corporation (FDIC) Call Reports. On the FDIC website there are individual schedules for preparation by US banks of reporting this required data, including instructions for Schedule RC-L. Within this 26-page PDF, pages 7-8 reference general instructions for standby letters of credit and separate mention for financial standbys, performance standbys, and commercial LCs.
Once these figures filed by the various banks are gathered, the amounts conveyed to others are subtracted out and the remaining figures are added up to yield total LC amounts for the banks.
When businesspeople engage in mutual business dealings and loans to each other under multiple corporate entities they operate but their
The High Court in Kampala (Uganda) upheld an appellate court decision on 25 July 2025 that Equity Bank lawfully sold
Documentary Credit World is pleased to announce the addition of Edward R. Stoltenberg to our Editorial Advisory Board (EAB). Edward
Recent writing has explored the notion that usance payment at sight (UPAS) letters of credit serve as an effective trade
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