Standby Letters of Credit Webinar
last updated on Thursday, February 22, 2018 in Letters of Credit
Standby Letters of Credit Webinar
Please note: Effective October 1, 2020, members will be required to purchase and hold activity stock in an amount equal to 0.10% for LOCs. This requirement will apply to any new, renewed or modified confirming or standby LOCs issued on or after October 1, 2020.
This webinar, presented by John Biestman of our Member Strategies Department, demonstrates how members can utilize our Standby Letters of Credit as an alternative source of collateral for securing Public Unit Deposits, thus improving liquidity, income and efficiency.
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- Standby Letter of Credit
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