Robert Parson

Robert Parson

Reed Smith

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Relief for documentary credits under Basel III Leverage Ratio

The Basel III Leverage Ratio has been amended following the Basel Committee on Banking Supervision’s recent publication of its paper, “Basel III Leverage Ratio Framework and Disclosure Requirements”....more

3/14/2014 - Banks Basel III Foreign Banks

Credit Escalation Clauses in Letters of Credit

It is increasingly common to have a ‘credit escalation clause’ in a documentary letter of credit (“LC”) relating to the sale and purchase of crude oil and petroleum products. This alert, which follows alert 13-215 Letters of...more

9/24/2013 - Letter of Credit Oil & Gas UK

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