Here’s an example of the format for providing L/C information:
| Date issued: | 12/31/12 |
| Maturity: | 3/30/13 (90days) |
| Foreign bank: | Korea Exchange Bank |
| Amount: | $2,000,000 |
| Advising fee: | $250 |
| Negotiation fee: | .05% flat |
| Confirmation fee: | .25% per quarter or part thereof |
| Acceptance fee: | .50% per annum |
| Discount rate on time drafts: | Libor + 1% |
Thank you in advance for helping us identify potential opportunities for improving the terms and pricing for your letters of credit.
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