Announcements


BEC-11: Can you please confirm that the name “Standby Letter of Credit Unit” in attention lines in Annexes 1 and 3 of the Pre-Bid Letter of Credit can be replaced with the name of the unit or department at the Issuing Bank where the Annexes would be directed?

The attention lines in Annexes 1 and 3 use “Standby Letter of Credit Unit” as an example and placeholder for the name of the department or unit to which would be directed a drawing certificate or certificate of cancellation at the Issuing Bank. The department or unit named in the attention lines of Annexes 1 and 3 are expected to be consistent with each other as well as consistent with any such unit or department named elsewhere in the letter of credit (e.g., in Paragraph 1 or Paragraph 3). The acceptable modifications document for ComEd provides some examples of alternative department or unit names; these examples are not meant to be an exhaustive list of the names that are acceptable.