Additional provisions applying to all standby letters of credit.

CFR · 2024-01-01 · US · Title 12

(a) (1) Contain a specific expiration date, or be for a specific term; and (2) Require approval in advance by the Bank of any transfer of the standby letter of credit from the original beneficiary to another person or entity. (b) (2) Collateral pledged by a member or housing associate to secure a letter of

official document · source cfr-2024 · id 12:§ 1269.5