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  "slug": "trade/letter-of-credit-documentary-mechanism",
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  "raw_markdown_url": "https://finwiki.zksc.io/trade/letter-of-credit-documentary-mechanism.md",
  "domain": "trade",
  "title": "Letter of credit (documentary credit) — the trade-settlement mechanism",
  "entry_type": "wiki_entry",
  "frontmatter": {
    "title": "Letter of credit (documentary credit) — the trade-settlement mechanism",
    "aliases": [
      "letter-of-credit-documentary-mechanism",
      "信用状（信用状取引）",
      "しんようじょう",
      "documentary credit",
      "L/C mechanism",
      "UCP 600 documentary credit"
    ],
    "domain": "trade",
    "type": null,
    "created": "2026-06-03",
    "last_updated": "2026-07-29",
    "last_tended": "2026-07-29",
    "review_by": "2026-10-27",
    "confidence": "likely",
    "tags": [
      "trade",
      "trade-finance",
      "letter-of-credit",
      "ucp-600",
      "settlement",
      "icc"
    ],
    "status": "active",
    "canonical_anchor": null,
    "related": [],
    "note": null,
    "sources": [
      "https://iccwbo.org/business-solutions/trade-finance/",
      "https://2go.iccwbo.org/ucp-600-uniform-rules-for-documentary-credits-config-1+book_version-Book/",
      "https://en.wikipedia.org/wiki/Uniform_Customs_and_Practice_for_Documentary_Credits",
      "https://academy.iccwbo.org/international-trade/article/documentary-credits-rules-guidelines-terminology/",
      "https://iccwbo.org/news-publications/policies-reports/eucp-version-2-1-icc-uniform-customs-and-practice-for-documentary-credits/"
    ]
  },
  "summary": "This entry sits under trade INDEX and is the trade-finance counterpart to the institutional pages anchored on JETRO vs NEXI vs JBIC. Read it alongside Incoterms 2020 (which defines the delivery point a credit's documents must evidence) and documentary collection vs letter of credit (the lighter, ban",
  "headings": [
    "Letter of credit (documentary credit) — the trade-settlement mechanism",
    "Wiki route",
    "TL;DR",
    "What problem it solves",
    "The parties",
    "The lifecycle",
    "Independence and strict compliance — the two governing doctrines",
    "The rulebook: UCP 600, ISBP, and eUCP",
    "Common credit variants",
    "Where the L/C sits in the trade-finance and settlement stack"
  ],
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