Counter Standby Letter Of Credit Template for Australia

1. Automatic Extension Clause: Used when the CSBLC needs to include provisions for automatic extension periods

2. Transfer Rights: Include when the CSBLC needs to be transferable to other beneficiaries

3. Partial Drawings: Include when multiple partial drawings are to be permitted

4. Electronic Presentation: Include when electronic presentation of documents is acceptable

5. Force Majeure Provisions: Additional provisions for force majeure events affecting the CSBLC

6. Anti-Money Laundering Compliance: Include when specific AML compliance requirements need to be highlighted

7. Multiple Currency Provisions: Include when drawings can be made in multiple currencies

1. Schedule A - Form of Demand: Standard format for making a demand under the CSBLC

2. Schedule B - Required Documents: Detailed list of documents required for drawing

3. Schedule C - Bank Charges and Fees: Schedule of applicable banking charges and fees

4. Appendix 1 - Primary SBLC Reference: Copy or key details of the primary Standby Letter of Credit being counter-guaranteed

5. Appendix 2 - Authentication Procedures: Detailed procedures for authenticating drawing requests and communications

6. Appendix 3 - Communication Methods: Approved methods and details for communications between parties