The Institute of International Banking Law & Practice, a non-profit educational and research organization based in the United States, sponsors projects, programs, and publications intended to harmonize letter of credit law and practice.

Since its formation in 1987, the Institute has been a leading force in the LC world. With a range of publications on LCs, standbys, and demand guarantees, as well as commercial fraud, the Institute offers extensive resources in trade finance.

The Institute also regularly brings together leaders of the letter of credit community from banks, law firms, regulatory agencies, importers, exporters, and third party intermediaries in interactive forums around the world designed to foster and promote the exchange of ideas.

• Sep08

  ICC Releases Draft Opinions for London Meeting

  ICC Releases Draft Opinions for London Meeting  In advance of its next meeting, the ICC Banking Commission released in early...
• Sep08

  The Most Challenging Aspect of Standbys?

  The Most Challenging Aspect of Standbys? One LC expert considers it to be auto-extension. In formulating terms for giving notice...
• Sep08

  Held to a Higher Standard

  Held to a Higher Compliance Standard Banks operating in Hong Kong not only need to determine the source of funds,...