ISP98

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August 31, 2024 5 min read Definitions
International Standby Practices (ISP98): Rules Governing Standby Letters of Credit
Finance Banking International Standby Practices ISP98 Standby Letters of Credit ICC Financial Instruments
International Standby Practices (ISP98) are a set of rules created by the International Chamber of Commerce to govern standby letters of credit, providing an alternative to other rule sets such as UCP600.
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