Federal Acquisition Regulation; Irrevocable Letters of Credit
other · US Department of Defense · Rule · Published 2014-10-14 · Effective 2014-11-13 · 79 FR 61743
Document
Document number
2014-24239
Federal Register citation
79 FR 61743
CFR reference
48 CFR 1
Type
Rule
Action
Final rule.
Category
other
Sub-agency
US Department of Defense
Publication date
2014-10-14
Effective date
2014-11-13
DOD docket
FAC 2005-77
Abstract
DoD, GSA, and NASA are issuing a final rule amending the Federal Acquisition Regulation (FAR) to remove all references to Office of Federal Procurement Policy (OFPP) Pamphlet No. 7, Use of Irrevocable Letters of Credit, and also provide updated sources of data required to verify the credit worthiness of a financial entity issuing or confirming an irrevocable letter of credit (ILC).