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International Standby Practices - ISP98

Online Shop | International Chamber of Commerce (ICC) Publications  | Trade Finance |  International Standby Practices - ISP98

International Standby Practices - ISP98


In e-book Format
International Standby Practices - ISP98

£22.50
 RRP: £25.00
You save £2.50 (10.0%)
ISBN
9789284212477
Published by
International Chamber of Commerce (ICC)
Publication Date
June 1998
Publisher's Ref
E590E
Format
e-book
Extent
69 pages

Though standby letters of credit have similarities with commercial letters of credit and other financial instrument, there are significant differences in scope and practice. A new set of Rules was therefore required for this workhorse of commerce and finance and ISP 98 fills this important gap in the market place.

ISP98 reflects a distillation of practices from a wide range of standby users: bankers, merchants, rating agencies, corporate treasurers, credit managers, government officials and banking regulators. Like the UCP for commercial credits, ISP98 is destined to become the industry standard for the use of standbys in international transactions.

Another set of invaluable ICC rules, ISP98 offers a precise and detailed framework for practitioners dealing with standby letters of credit. 


Online Shop | International Chamber of Commerce (ICC) Publications  | Trade Finance |  International Standby Practices - ISP98

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