UCP 600: Uniform Customs and Practice for Documentary Credits - International rules governing the operation of Letters of Credit, widely adopted in Singapore banking practice
Banking Act (Chapter 19): Singapore's primary banking legislation governing banking institutions and their operations, including the issuance of Letters of Credit
Bills of Exchange Act (Chapter 23): Singapore legislation governing negotiable instruments and related banking documents
Contract Law (Chapter 2): Singapore's fundamental contract law governing formation and enforcement of contracts, applicable to L/C agreements
Electronic Transactions Act (Chapter 88): Legislation governing electronic transactions and digital signatures, relevant for electronic Letters of Credit
Monetary Authority of Singapore Act (Chapter 186): Establishes MAS's regulatory authority over financial institutions and their activities including L/C operations
MAS Guidelines on Risk Management Practices: Regulatory guidelines issued by MAS for financial institutions on risk management, including credit risk in L/C transactions
MAS Notice 643: Specific guidelines on Transactions with Related Parties, affecting L/C arrangements between related entities
MAS Notice 612: Guidelines on Credit Risk Management practices for banks in Singapore
International Standard Banking Practice (ISBP): ICC publication providing guidance on examination of documents under UCP 600
Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act: Anti-money laundering legislation affecting due diligence requirements in L/C transactions
Terrorism (Suppression of Financing) Act: Legislation governing counter-terrorism financing measures in financial transactions including L/Cs
