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The SBLC specifies that the is obligated to pay DSCA, as beneficiary, upon presentation to the Issuer of a complying demand for payment under the SBLC, including if the Confirmer fails to pay a complying presentation to the Confirmer.Ĭonfirming Bank. Under no circumstances will articles delivered or services performed under the FMSP be used as collateral for securing arrangements associated with the SBLC. Under separate agreement, the issuing bank,, and the will negotiate fees associated with the SBLC as well as any other underlying transactions required. CFM will serve as USG contact for all SBLC related inquiries and as overall coordinator for the SBLC program. The CFO provides policy guidance and general supervision to the Business Deputy for Country Financial Management regarding administration of the SBLC program.īusiness Deputy for Country Financial Management (CFM). The DSCA Director has overall responsibility for ensuring the successful implementation, execution and management of the SLBC program.Ĭhief Financial Officer (CFO). In addition, DSCA is the FMS Trust Fund manager.ĭirector. DSCA is responsible for implementing all aspects of U.S. In addition, the SBLC contains an irrevocable consent to the exclusive jurisdiction of the Federal courts located in the County and State of New York with respect to any dispute arising under the SBLC.Ī) Defense Security Cooperation Agency DSCA is the beneficiary of the SBLC, on behalf of the USG. 590, unless otherwise expressly stated in the SBLC, and shall be governed by law of the State of New York and applicable U.S. The SBLC is subject to the International Standby Practices ('ISP 98'), International Chamber of Commerce Publication No. If and when DSCA makes a demand for payment under the SBLC, the payment instructions shall direct payment, directly or indirectly, to the FMS Trust Fund account for the.

The SBLC is to cover all implemented FMS cases for which termination liability applies (i.e., under the authority of Section 22, Arms Export Control Act). Other financial obligations owed to the United States Government ('USG') by the FMS Partner are not covered by this arrangement. Instead of T/L prepayments being deposited into the Federal Reserve Bank ('FRB') account or the FMS Trust Fund account for the FMS Partner, payment of an equivalent amount is effectively guaranteed under the SBLC. The SBLC is to be furnished to DSCA in lieu of termination liability ('T/L') prepayments by the FMS Partner for its FMSP. This Agreement documents terms and conditions associated with the confirmed Standby Letter of Credit ('SBLC') that is obligated to provide to DSCA. This Memorandum Of Agreement ('Agreement') Between The Ministry of Defense And The Defense Security Cooperation Agency For Terms And Conditions For Standby Letter Of Credit Supporting Foreign Military Sales ('FMS') pertains to the Foreign Military Sales Program ('FMSP') between the United States ('U.S.') Defense Security Cooperation Agency ('DSCA') acting pursuant to Section 22 of the Arms Export Control Act, and the Ministry of Defense of (hereinafter ''). TERMS AND CONDITIONS FOR STANDBY LETTER OF CREDIT SUPPORTING FOREIGN MILITARY SALES

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How to prepare Secretary and Deputy Secretary of Defense Read-Aheads.THE DEFENSE SECURITY COOPERATION AGENCY FOR How to prepare a memorandum for the Secretary of Defense signature.

Shows the correct format when preparing request for SecDef retirement letter. Government and for officials of other Federal Agencies. Use this letter for correspondence with individuals outside of the U.S. How to prepare an info memo for the Secretary of Defense. How to prepare an action memo for the Secretary of Defense signature or decision. Secretary of Defense Action Memo Guidance Shows the correct format when preparing request for presidential retirement letter or letter of appreciation.

(For Department of Defense Personnel Only) Presidential Letter of Appreciation/Retirement Letter Shows the correct order and format of organizational titles for the different iterations of the multi-addressee memorandums forwarded for signature to the Secretary of Defense, Deputy Secretary of Defense, and Executive Secretary. Use when performing action/info memo and/or signature item reviews.