Focal Point
Sanjeeb Bhattarai, Paul Gravenese
Effective Date
01/01/2012
Planned Review Date
01/06/2025
Version
1.0
December 01, 2015 - Content reviewed and edited (minor edit without changing substance).
Content reviewed and edited (minor edit without changing substance).
DOCX (73.92 KB)
1
Request the Treasurer to arrange a Letter of Credit (L/C)
Resident Representative
US Government Letter of Credit Guidelines and Procedures for Funding UNDP Project
L/C are exceptions to UNDP’S general rule and are considered only in exceptional circumstances. Request to establish L/C must be accompanied by compelling business reasons
2
Review the request for L/C and approve or deny request.
Treasurer
3
Select or approve the bank through which the L/C will be arranged
4
Arrange funding of L/C and ensure that terms of the L/C are followed
Chief Investment Officer