1. Letter of Credit User Guide
  2. An overview of Letters of Credit
  3. Variations Supported for an LC

1.5 Variations Supported for an LC

An LC being a very flexible payment mechanism can be made available to the customers of your bank in a number of popular variations.

This topic contains the following sections:
  1. Red Clause Letter of Credit
  2. Transferable and Non-transferable LCs
  3. Revolving and Non revolving LCs
  4. Sight and Usance LC
  5. Cash Collateral against an LC
  6. Availment against an LC

Parent topic: An overview of Letters of Credit