Official Journal of the European Union and Standby letter of credit: Difference between pages

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(OJEU)
(SLOC).


A type of letter of credit:
*Issued to ensure the financial performance of a bank’s customer to a third party beneficiary; and
*Drawn upon only in the event of non-performance.


The Official Journal of the European Union is the official gazette of record for the EU.


== See also ==
* [[Advance payment guarantee]]
* [[Contingent liabilities]]
* [[Letter of credit]]
* [[Off balance sheet risk]]


OJEU is the successor to the Official Journal of the European Community (OJEC). It is often abbreviated to "OJ" where the EU context is clear.
[[Category:Long_term_funding]]
 
[[Category:Manage_risks]]
 
[[Category:Risk_frameworks]]
OJEU is only published online ("e-OJ"). Electronic editions of the OJ (e-OJ) published after 1 July 2013 have legal force.
[[Category:Trade_finance]]
 
The paper version no longer has legal force except when the OJ online cannot be published due to IT systems disruption.
 
 
OJEU is divided into "series":
 
* The L Series contains EU legislation including regulations, directives, decisions, recommendations and opinions. [http://eur-lex.europa.eu/homepage.html EUR-Lex]
 
* The C Series contains EU information and notices including the judgments of the European Courts, calls for expressions of interest for EU programmes and projects; public contracts for food aid; etc.
 
* The supplementary S series deals with European public procurement through invitations to tender. [http://ted.europa.eu/TED/main/HomePage.do TED] (Tenders Electronic Daily)
 
 
==See also==
*[[European Union]]
 
 
== Other links ==
*[https://eur-lex.europa.eu/content/help/oj/intro.html The official Journal of the European Union ]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]

Revision as of 18:48, 11 November 2016

(SLOC).

A type of letter of credit:

  • Issued to ensure the financial performance of a bank’s customer to a third party beneficiary; and
  • Drawn upon only in the event of non-performance.


See also

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