Usance Lc Discounting Template for Hong Kong

1. Additional Banking Services: Include when the bank offers related services like advisory or document checking

2. Silent Confirmation: Include when the bank offers silent confirmation services for the LCs

3. Document Handling: Include when the bank provides document preparation or checking services

4. Insurance: Include when specific insurance requirements are needed beyond standard trade credit insurance

5. Multiple Currency Provisions: Include when discounting is offered in multiple currencies

6. Sanctions and Compliance: Include when dealing with parties from sensitive jurisdictions

1. Schedule 1 - Facility Terms: Detailed commercial terms including facility limit, validity period, and pricing

2. Schedule 2 - Conditions Precedent: List of documents required before the facility becomes effective

3. Schedule 3 - Form of Discounting Request: Standard form for requesting discounting of specific LCs

4. Schedule 4 - Calculation of Discounting Rate: Detailed methodology for calculating the discounting rate

5. Schedule 5 - Documentary Requirements: List of required documents for each discounting request

6. Appendix A - Standard Operating Procedures: Detailed procedures for submission and processing of discounting requests

7. Appendix B - Fee Schedule: Comprehensive list of all applicable fees and charges