Orange County NC Website
Browse       Search
Standby Letter of Credit Application and Agreement <br /> Bank Use Only—This section must be completed by the Relationship Manager(RM). <br /> Please specify where this letter of credit was approved then complete the appropriate section below: <br /> ❑ WLS Production Center(complete first section) <br /> ❑ In the region (complete second section) <br /> ❑ In Special Assets Department (next two sections do not apply) <br /> For Letters of Credit approved by a WLS Production Center <br /> Work Package Number ACAPS ID# or nCino Work Package# and Request# <br /> Type of approval: Guidance Line for multiple LCs ❑ or Approval for Single LC only ❑ <br /> Certificate of Deposit# <br /> Amount Date Issued <br /> Note: For Private Wealth clients,the requirement for a CD may be waived by the credit approver. If the requirement for a CD <br /> has been waived by the WLS Production Center Credit Approver, please check here ❑ <br /> This letter of credit: Has an auto-extension clause (evergreen) ❑ Yes ❑ No <br /> Is for Insurance Purposes ❑ Yes ❑ No <br /> If either answer is Yes,then the CD must be auto-renew. <br /> For Letters of Credit approved by the region (including overridden from WLS Production Center): <br /> Work Package Number ACAPS ID# or nCino Work Package# and Request# <br /> Type of approval: Guidance Line for multiple LCs ❑ or Approval for Single LC only ❑ <br /> This letter of credit: Has an auto-extension clause (evergreen) ❑ Yes ❑ No <br /> Is for Insurance Purposes ❑ Yes ❑ No <br /> If yes is checked on either, please complete the following section <br /> Is this LC being issued under a sublimit of a committed line of credit? ❑ Yes ❑ No <br /> Is this LC secured by properly margined and monitored liquid collateral? ❑ Yes ❑ No <br /> If the answer to both of these is No,the following certification must be completed and signed. <br /> An exception to the collateral requirements in CML2131 has been approved and cited as TPE#18 in the credit approval package. <br /> (Signature) <br /> ❑ Region or Line of Business Senior Credit Officer or Designee <br /> (Print name) <br /> ❑ CIB Risk Manager or Designee <br /> (Print name) <br /> 318048(11/21) Page 9 of 10 <br /> Truist Corporate Forms <br />