Where can you find a sample irrevocable letter of credit?


Quick Answer

Sample irrevocable letters of credit are available from utility companies and financial institutions such as Dominion Hope, Duke Energy and the CME Group. Users may download and customize these sample letters with their company name, bank name, time frame and dollar amount.

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Full Answer

Irrevocable letter of credit templates often include the name of the company providing them. Users intending to use the sample format for another purpose should make sure to change all references to the source company and its bank. The letter should also reflect the appropriate terms for releasing the funds to the recipient. For example, a letter of credit may allow the recipient to collect when invoices are not paid within 60 days.

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