Bank of America, N.A. - Moses & Singer, LLP
Bank of America, N.A. - Moses & Singer, LLP
Bank of America, N.A. - Moses & Singer, LLP
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
URDG Article 20 – Time For Examination Of<br />
Demand; Payment<br />
• Five business days, like UCP600<br />
• But when does counting begin? ISP98 begins<br />
counting on the business day following the<br />
business day <strong>of</strong> presentation<br />
• Payment is required “when” guarantor<br />
determines demand is complying. When is<br />
“when”? Same issue in UCP600 wording<br />
• ISP98 and the NYUCC state deadlines more<br />
clearly<br />
Sept. 2011<br />
21<br />
A U.S. Perspective On The New URDG758
Change language