Standard Letter Of Credit Template
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INSTRUCTIONS Security Posting Letters of Credit A Letter of Credit ( LOC ), subject to the criteria listed below, is an acceptable form of Financial Security ( Security ) for meeting either the CAISO s and/or SCE s grid interconnection tariffs, or the terms of the Generator Interconnection Agreement (GIA), as applicable.. IRREVOCABLE NONTRANSFERABLE STANDBY LETTER OF CREDIT Bank Reference Number: __________________ Transaction Date: __________________ SCE Contract No.: (Obtain from SCE Project Manager) Project Name: ______________________________ For the purpose of: (Phase I IF, Phase I NU, Construction, ITCC, etc.) Beneficiary: Southern California Edison Company Credit Risk Collateral Manager, GO1, Quad 1D 2244 Walnut Grove Avenue Rosemead, CA 91770 ________________________________ (the Bank ) hereby establishes this Irrevocable Nontransferable Standby Letter of Credit ( Letter of Credit ) in favor of Southern California Edison company, a California corporation (the Beneficiary ), for the account of ______________________, a _ legal status ___________, for the amount of 999 and 99/100 dollars ( ________________) (the Available Amount ), effective immediately and expiring at 5:00 p.m., California time, on ____________ (the Expiration Date )..
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