International Standby Practices
CONTENTS
Foreword...............................................................................................................................6 Preface....................................................................................................................................8 International Standby Practice ISP98..........................................................17 RULE 1: General provisions................................................................................18 RULE 2: Obligations................................................................................................. 40 RULE 3: Presentation...............................................................................................50 RULE 4: Examination............................................................................................. 66 RULE 5: Notice, preclusion, and disposition of documents........................................................................................... 88
© 1998, 2012 The Institute of International Banking Law & Practice, Inc. (IIBLP)
RULE 6: Transfer, assignment, and transfer by operation of law............................................................................. 98 RULE 7: Cancellation............................................................................................ 112 RULE 8: Reimbursement obligations........................................................ 114 RULE 9: Timing......................................................................................................... 118 RULE 10: Syndication/participation...........................................................120 Model ISP98 Forms................................................................................................123
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