UCP 600: Uniform Customs and Practice for Documentary Credits - The international rules governing the issuance and handling of Letters of Credit, providing standardized practices for banks
Banking Act (Chapter 19): Singapore's primary banking legislation that regulates banking operations, including the issuance of letters of credit by banks and financial institutions
Bills of Exchange Act (Chapter 23): Legislation governing negotiable instruments, which is relevant for Letters of Credit as they often involve bills of exchange and drafts
Electronic Transactions Act (Chapter 88): Legal framework for electronic transactions and digital signatures, crucial for modern LC processing and documentation
MAS Guidelines on Letters of Credit: Regulatory guidelines issued by the Monetary Authority of Singapore specifically addressing Letter of Credit operations and compliance requirements
ABS Guidelines: Guidelines issued by the Association of Banks in Singapore providing industry standards and best practices for LC operations
MAS Notice 643: Regulatory notice on Transactions with Related Parties, ensuring proper governance and preventing conflicts of interest in LC transactions
Singapore Contract Law: Common law principles governing contractual relationships and obligations in Singapore, fundamental to LC agreements
Sale of Goods Act (Chapter 393): Legislation governing the sale of goods, relevant when Letters of Credit are used in trade finance transactions
IE Singapore Trading Regulations: Regulations governing international trade activities, including the use of trade financing instruments like Letters of Credit
AML/CFT Regulations: Anti-Money Laundering and Countering the Financing of Terrorism regulations ensuring LCs are not used for illegal financial activities
KYC Requirements: Know Your Customer requirements for proper due diligence on parties involved in LC transactions
Foreign Exchange Regulations: Regulations governing foreign exchange transactions, applicable when LCs involve currency exchange
ISBP: International Standard Banking Practice providing detailed guidelines for examining LC documents
ICC Rules: International Chamber of Commerce rules and guidelines providing international standards for trade finance and LC operations
