Lloyd’s stresses need for regular confirmation of valid letters of credit
Insurance Insider is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2023

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Lloyd’s stresses need for regular confirmation of valid letters of credit

Lloyds logo lloyds london buildings.jpg

Lloyd’s has emphasised that any letters of credit (LOCs) used as Tier 2 capital must be confirmed as being valid by banks on a six-monthly basis.