보증신용장거래에서 지급 청구를 위한 서류요건 강화방안에 대한 연구

A Study on Strengthening of Document Requirements for Demand in Standby Letter of Credit Transaction

Purpose This paper, we examined the problems of the default statement in the process of demand the payment of the standby letter of credit and would like to suggest ways to strengthen the documentary requirements of the default statement and utilize the third party. Design/Methodology/Approach We will focus on the literature study on the understanding of the basic transaction process for standby L/C transactions and the problems associated with default statements made by beneficiaries, which are the most important part of the demand process. Based on the problems related to the documents requested for payment, it is intended to consider ways to strengthen the requirements of documents, and to present the problems and risk avoidance measures that each party may face in the use of the standby letter of credit. Findings As a result of the this study, The problems of the default statement in the process of claiming payment of the standby letter of credit were examined, and for this purpose, measures were proposed to strengthen the documentary requirements of the default statement and utilize third parties. Research Implications We need to be made to supplement these issues to further activate future guaranteed L/C transactions. Discussions should be made so that institutional mechanisms can be prepared to protect parties participating in the transaction.