regarding the issuance of bank guarantees, co-acceptance of bills, and Letters of Credit (LCs). These new rules aim to enhance financial stability and risk management for both banks and customers.

This operated through letters of credit, which during the capital controls period had to be backed by firms’ own cash collateral rather than the bank guarantee. As a result, cash-poor firms imported ...

This new facility is additive to the $185 million of existing corporate Letter of Credit capacity which Doral maintains. HSBC acted as Sole Arranger and Issuing Bank for this new facility.