Market Overview

Research and Markets: LC Rules & Laws Critical Texts for Independent Undertakings (5th Edition)


Research and Markets ( has announced the addition of the "LC Rules & Laws Critical Texts for Independent Undertakings (5th Edition)" book to their offering.

All the rules and laws that today's Letter of Credit & Guarantee specialist needs are here under one book cover: UCP600; ISBP (2007); ISP98; URDG 758; URC 522; URR 725; US Rev. UCC Article 5; Chinese LC Rules; UN LC Convention; and much more. Preceding each item, an overview provides brief background on the history and significance of each set of rules or laws.

Nearly 300 pages and value priced, this popular reference work is newly revised in 2012 with a quick, convenient index on the back cover to find what you need.

Key Topics Covered:

Rules of Practice

- UCP600 - Uniform Customs and Practice for Documentary Credits

- eUCP v 1.1 - Supplement to UCP600 for Electronic Presentation

- ISP98 - International Standby Practices

- URC 522 -- Unform Rules for Collections

- URR 725 - Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits

- URDG 758 -- Uniform Rules for Demand Guarantees

Standards of Practice

- International Standard Banking Practice for the examination of documents under documentary credits (ISBP) (2007)

- ICC Decision on Originals & Non -Bank Issuance Opinion

- ICC Paper on On Board Notations


- United Nations Convention on Independent Guarantees and Stand-by Letters of Credit

- Explanatory Note of Secretariat (UN Convention)

- U.S. Revised UCC Article 5

- U.S. Revised UCC Article 5 Table of Adoptions

- U.S. UCC Article 1: Select Definitions

- U.S. Revised UCC Article 2, Section 2-325

- U.S. Revised UCC Article 9: Excerpts regarding Security Interests in LCs

- LC Rules of the Supreme People's Court of China (2005)

- LC Jurisdictional Rules of the Supreme People's Court of China (2002)

- Mexico's Law of Credit Institutions: Article 71 (Letters of Credit)

- Tunisian Commercial Code, Articles Related to Documentary Credits, Articles 720 to 727, Law No 129 (5 October 1959)

Government Regulations

- U.S. OCC Interpretive Rulings (12 CFR § 7.1016 and § 7.1017)

- U.S. Federal Reserve Definitions (12 CFR 208.24; 337.2)

- U.S. FFIEC Instructions for Preparation of Call Reports by U.S. Banks and U.S. Branches & Agencies of Foreign Banks

- Persian Gulf State Regulations

- SAMA Rules

- Vietnam's State Bank Regulation on the Opening of Letter of Credit for Importing Goods with Deferred Credit, No: 711/2001/QD-NHNN (2001)

LC Arbitration and Mediation


Summary of Other LC Resources

- Sanctions Resources

- Risk-Based Capital - Bank of International Settlements Convergence of Capital Measurement and Capital Standards

- Lending Limits for Standbys (12 CFR 32)

- U.S. Anti-Boycott Provisions - Restrictive Trade Practices or Boycotts (Title 15- Commerce and Foreign Trade Part 760)

- Office of Foreign Assets Control (OFAC) Rules

- ISP98 Model Forms Overview

For more information visit

Research and Markets
Laura Wood, Senior Manager.
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Business

View Comments and Join the Discussion!

Partner Center