51Ƶ

Revolving SBLC for Malaysia

Revolving SBLC Template for Malaysia

A comprehensive banking instrument governed by Malaysian law and regulated by Bank Negara Malaysia, designed to provide a renewable guarantee or standby financial commitment. This document establishes the terms and conditions for a revolving letter of credit facility, including the mechanisms for draws, reinstatements, and ongoing validity periods. It incorporates both local Malaysian banking regulations and international standby letter of credit practices, ensuring compliance with domestic financial services laws while facilitating international trade transactions.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get template free

Your data doesn't train Genie's AI

You keep IP ownership of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a Revolving SBLC?

This document is essential for businesses requiring ongoing financial guarantees or standby support in their commercial operations. A Revolving SBLC provides a flexible financial instrument that automatically reinstates after each draw, subject to agreed terms and conditions. Under Malaysian jurisdiction and overseen by Bank Negara Malaysia, this document incorporates necessary provisions to comply with the Financial Services Act 2013 and related banking regulations. It is commonly used in international trade, project financing, and commercial transactions where continuous financial assurance is required. The document includes detailed provisions for facility limits, drawing conditions, reinstatement mechanisms, and compliance requirements with both local and international banking standards.

What sections should be included in a Revolving SBLC?

1. Parties: Identification of the applicant, beneficiary, and issuing bank

2. Background: Context of the SBLC issuance and relationship between parties

3. Definitions: Key terms used throughout the document

4. Facility Amount and Nature: Specification of the SBLC amount and its revolving nature

5. Term and Renewal: Duration of the SBLC and renewal conditions

6. Drawing Conditions: Conditions and procedures for drawing under the SBLC

7. Reinstatement Provisions: Terms governing the revolving nature and reinstatement of the credit

8. Fees and Charges: All applicable fees, charges, and commission

9. Security and Collateral: Required security or collateral arrangements

10. Representations and Warranties: Standard declarations by the applicant

11. Events of Default: Circumstances constituting default and consequences

12. Governing Law and Jurisdiction: Application of Malaysian law and jurisdiction

What sections are optional to include in a Revolving SBLC?

1. Counter-Indemnity: Additional indemnity provisions when required by the issuing bank

2. Currency Provisions: Specific provisions for cross-border transactions involving multiple currencies

3. Insurance Requirements: Specific insurance requirements for certain types of transactions

4. Tax Provisions: Special tax considerations for international transactions

5. Assignment Provisions: Terms governing any permitted assignment of rights

6. Force Majeure: Provisions for unforeseen circumstances affecting performance

What schedules should be included in a Revolving SBLC?

1. Form of SBLC: Template of the actual SBLC to be issued

2. Fee Schedule: Detailed breakdown of all fees and charges

3. Drawing Requirements: Specific documents required for drawing under the SBLC

4. Security Documents: Forms of security documents and collateral arrangements

5. Compliance Requirements: List of required compliance documents and certifications

6. Contact Details: Contact information for all relevant parties and departments

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Malaysia

Publisher

Genie AI

Document Type

Letter of Credit

Cost

Free to use

Find the exact document you need

Credit Note Letter To Customer

A Malaysian-compliant business document that formally acknowledges a reduction in a customer's payment obligation to a company, typically issued to correct billing errors or process returns.

Download

Letter Of Credit Rates

A Malaysian banking document outlining the fee structure and commission rates for Letter of Credit services, governed by Malaysian financial regulations and banking laws.

Download

Credit Limit Approval Letter To Customer

A Malaysian-compliant formal letter from a financial institution approving and establishing terms for a customer's credit facility.

Download

Credit Application Request Letter

A formal letter requesting credit facilities from a Malaysian financial institution, complying with local banking regulations and requirements.

Download

Letter Of Credit Limit

A Malaysian law-governed banking facility document establishing terms for issuing Letters of Credit up to an approved limit.

Download

SBLC As Collateral

Malaysian law-governed agreement establishing terms for using a Standby Letter of Credit as collateral security, incorporating local banking regulations and international practices.

Download

Lc Invoice

A specialized commercial invoice document used in Letter of Credit transactions under Malaysian law, combining standard invoice elements with specific LC requirements for international trade.

Download

Cash Letter Credit

A Malaysian-law governed banking instrument representing an irrevocable payment commitment from a bank to a beneficiary, subject to document compliance.

Download

Marginal Deposit On Letter Of Credit

A Malaysian law-governed agreement establishing terms for a marginal deposit as security for a Letter of Credit facility, complying with local banking regulations and facilitating international trade financing.

Download

Lc Agreement

A Malaysian law-governed agreement establishing terms and conditions for Letter of Credit issuance and management, complying with local banking regulations and international standards.

Download

Lc Export Import

A Malaysian-compliant Letter of Credit document that facilitates secure international trade payments, governed by local banking laws and UCP 600.

Download

SBLC For Buyers Credit

A Malaysian law-governed bank guarantee instrument supporting buyer's credit facilities in commercial transactions, providing payment security to creditors.

Download

Letter Of Credit Collection

A Malaysian-compliant banking instruction document for international trade payment collection through Letter of Credit, governed by local financial regulations and international banking standards.

Download

180 Days Usance Lc

A Malaysian law-governed Letter of Credit providing 180-day deferred payment terms for international trade transactions, combining local regulatory requirements with international banking practices.

Download

Letter Of Credit Risk

A Malaysian jurisdiction risk assessment and management framework for Letter of Credit transactions, covering both conventional and Islamic banking requirements.

Download

Letter Of Credit Fraud

A Malaysian law-governed document addressing letter of credit fraud in international trade, incorporating local banking regulations and international banking practices.

Download

Letter Of Credit Amount

A Malaysian banking document specifying the amount and terms of a letter of credit, governed by Bank Negara Malaysia regulations and international UCP 600 guidelines.

Download

Credit Facility Offer Letter

A Malaysian-compliant formal letter from a financial institution offering credit facilities to a borrower, detailing key terms and conditions under Malaysian banking regulations.

Download

Cash Collateralized Letter Of Credit

Malaysian law-governed agreement for a cash-backed letter of credit facility, establishing terms between bank, applicant, and beneficiary.

Download

SBLC At Sight

A Malaysian-law governed Standby Letter of Credit that provides immediate payment guarantee upon presentation of compliant documents.

Download

Usance Lc Discounting

Malaysian law-governed agreement for discounting of Usance Letters of Credit between financial institutions and beneficiaries.

Download

Revolving SBLC

A Malaysian law-governed revolving standby letter of credit agreement establishing terms for an automatically renewable financial guarantee facility.

Download

Payment Terms Dlc

Malaysian-law governed payment terms document for Documentary Letter of Credit transactions, establishing secure international trade payment conditions.

Download

Non Transferable SBLC

A Malaysian law-governed Non-Transferable Standby Letter of Credit that provides payment guarantee to a specific beneficiary, with explicit prohibition on transfer or assignment.

Download

Non Operative SBLC

A Malaysian-law governed standby letter of credit serving as a bank guarantee for payment or performance obligations, subject to Malaysian banking regulations.

Download

Negotiable Lc

A Malaysian law-governed banking instrument that provides payment security in international trade through a negotiable letter of credit structure.

Download

Mixed Payment Lc

A Malaysian-compliant financial instrument that combines multiple payment methods in a Letter of Credit for international trade transactions.

Download

Irrevocable Non Transferable Letter Of Credit

A Malaysian law-governed banking instrument that provides an irrevocable and non-transferable payment guarantee in international trade, subject to document compliance.

Download

Direct Pay Standby Letter Of Credit

A Malaysian law-governed standby letter of credit providing payment security through an irrevocable bank undertaking, subject to document compliance.

Download

Credit Card Clearance Letter

A Malaysian banking document confirming complete settlement and closure of a credit card account, issued by the card-issuing bank.

Download

Freely Negotiable Letter Of Credit

A Malaysian-governed banking instrument that provides payment assurance in international trade, allowing negotiation at any bank worldwide.

Download

Transferable Lc At Sight

A Malaysian-compliant financial instrument allowing transfer of letter of credit rights to second beneficiaries with payment at sight, governed by UCP 600 and local banking regulations.

Download

Straight Letter Of Credit

A Malaysian law-governed banking instrument providing direct, irrevocable payment commitment in international trade transactions.

Download

Small Business Letter Of Credit

A Malaysian-law governed Letter of Credit document tailored for small business transactions, providing payment security in international trade.

Download

Secured Letter Of Credit

A Malaysian law-governed financial instrument combining a traditional letter of credit with security arrangements, providing enhanced protection for the issuing bank through collateral requirements.

Download

Red Letter Of Credit

A Malaysian-governed banking instrument that provides payment security in international trade transactions, subject to Malaysian banking regulations and UCP 600.

Download

Loan Facility Letter

A Malaysian law-governed document issued by financial institutions outlining approved loan facility terms and conditions, compliant with local banking regulations and Financial Services Act 2013.

Download

Non Operative Letter Of Credit

A Malaysian law-governed banking instrument that provides conditional payment guarantee in international trade, pending activation upon fulfillment of specified conditions.

Download

Letter Of Credit 90 Days

A Malaysian law-governed trade finance instrument providing 90-day deferred payment terms with bank-guaranteed security for international trade transactions.

Download

Letter Of Credit 60 Days

A Malaysian-law governed Letter of Credit providing 60-day deferred payment terms for international trade transactions, regulated under local banking laws and UCP 600.

Download
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it