2.10.4 Detailed Coverage (description of the product)
CODE | GLIS/ GLIR | SBLI |
---|---|---|
DESC |
Guarantee Issuance Guarantee Issuance /Reissuance upon receiving request |
Stand by LC Issuance |
TYPE | Guarantee | Stand By |
Revolving | N | N |
Tenor | ||
Standard | 90 | 90 |
Minimum | 30 | 30 |
Maximum | 360 | 360 |
Tolerance Percentage | ||
Positive | NA | NA |
Negative | NA | NA |
Exchange Rate Related Details | ||
Default Rate Type | Standard | Standard |
Rate Override Limit | 3 | 3 |
Rate Stop Limit | 10 | 10 |
Other Preferences | ||
Collateral Percentage | 10 | 10 |
Period of Presentation | NA | 21 |
Applicable Rules | URDG | ISP LATEST VERSION |
Confirmation Required | NO | No |
Guarantee Details | ||
Claim Days | 10 | NA |
Claim Settlement by Finance | Y | NA |