Standby Letter of Credit (SBLC)
Affected Period
Status
Closed
Category
Run type
Created
23/12/2021 14:50
Last Updated
23/12/2021 14:55
Dear Market Participants,
Please be advised of
the following, when submitting an amendment advice, which either increases or
decreases the value of your Standby Letter of Credit (SBLC):
When using field 32B
(for an increase) or 33B (for a decrease) please also include, in field 77
Narrative, the new value of the SBLC. This is to avoid any confusion and or
delays in processing.
The onus is on the Market
Participants to please advise your SBLC issuing bank accordingly.
Kind regards,
SEMO Settlements