Can an issuing bank include two applicants in a credit

[dulari]

Can an issuing bank include two applicants in a credit ?

[shahriar]

yes, its possible to have more than on applicant in an LC. basically an applicant is not a party the letter of credit. its the issuing bank that gives the undertaking. in circumstances it may be even possible to have more than one issuing bank

[saikryshna]

Can u plese give me a detailed explination .............. for ur answer

[VASU]

There can be a scenarion where there are multiple applicants for one LC. This is in case of Contract Financing where there are multiple applicants involved and venruting a project and need LC and issueing bank providing the Credit against these multiple applicants. But any point of time, there could be one main applicant. MT700 - Issuance of LC, Supports single applicant to be mentioned in the message.

Also, there can be a scenario where in there may be more than one bank participating in providing the credit.
This may be termed as LC Syndication which is a practice in some regions like Middle east.

Requst Some one to throw light on LC Syndication.