Uniform Network Code (UNC) 309 - RG0252 Proposal 12: Timeframes for establishing and extending Guarantees and Letters of Credit

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This proposals seeks to clarify that guarantees and letters of credit will be deemed to have zero value for a User’s Code Credit Limit purposes 30 days before they expire.

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Uniform Network Code (UNC) 309 - RG0252 Proposal 12: Timeframes for establishing and extending Guarantees and Letters of Credit [PDF, 176.04KB]