Chapter 15 - Standby Letters of Credit and Demand Guarantees
This is a chapter from the Bloomsbury Professional book Legal Principles in Banking and Structured Finance, 2nd Edition, which is a highly user-friendly, introductory guide to the legal issues that commonly arise in banking and structured finance transactions. Written in an informal and accessible style this book demystifies and clearly explains the concepts and terminology encountered in practice, and provides practical solutions to everyday problems. This latest edition was fully revised and brought up-to-date with current legislation at the time of publication. The previous edition of this book was published under the title Selected Legal Issues for Finance Lawyers.