ISLOC

(redirected from Irrevocable Standby Letter of Credit)
AcronymDefinition
ISLOCIrrevocable Standby Letter of Credit
References in periodicals archive ?
the bank had issued an irrevocable standby letter of credit in favor of the debtor in exchange for the debtor's promissory note payable to the bank.
13, 1992 (prior to the end of the 2 1/2-month period), the calendar-year taxpayer purchased an irrevocable standby letter of credit to secure its obligation to pay the unpaid vacation benefits accrued during the year ended Dec.
The rating action is in connection with the substitution of the irrevocable standby letter of credit (LOC) supporting subseries A-3 currently provided by BNP Paribas (currently rated 'AA-/F1+', Stable Outlook) with a substitute LOC to be provided by Morgan Stanley Bank N.
83 when the employer purchased an irrevocable standby letter of credit to secure the payments.
The long-term 'AA+' rating is based jointly on the irrevocable standby letter of credit (LOC) provided by TD Bank, N.
Payments of the principal of and premium on the Bonds at maturity or upon redemption or repurchase will have the benefit of an irrevocable standby letter of credit issued by ING Bank N.
The long-term 'AAA' rating is based jointly on the City (currently rated 'A+' by Fitch) and the irrevocable standby letter of credit (LOC) provided by The Royal Bank of Scotland PLC, acting through its New York Branch (currently rated 'AA+/F1+' by Fitch); the short-term 'F1+' rating is based solely on the LOC.
The bonds are backed by an irrevocable standby letter of credit (SBLC) offered by the Bank of China.
7, 2000, and has been secured by an irrevocable standby letter of credit.