MississaugaPlanning ApplicationsSite Plan
Irrevocable Standby Letter of Credit
Published by City of Mississauga
This is the City of Mississauga’s document, as published on its website on 19 October 2026. The municipality may have changed it since: check the current version at the source. Legal notice
- Type
- Form
- Published by
- City of Mississauga
- Also called
- Letter of Credit
- Form reference
- Corporate policy – Letters of Credit – 04-08-04
- For
- any
- Signed by
- authorized signature — for bank only
- Building types
- All building types
- Pages
- 2
- Submit to
- the requesting city department
- Valid for
- one year, automatically extended unless notice is given thirty days prior
- Instruments
- Uniform Customs and Practice for Documentary Credits (2007 Revision), ICC Publication No. 600 · Bank Act · Credit Union and Caisses Populaires Act, 1994
Overview
The City of Mississauga's two-page letter of credit template, linked from the page on applying for Section 47 approval. Page one is the wording set on bank letterhead, naming the Corporation of the City of Mississauga as beneficiary, allowing partial drawings on written demand and reducing the amount by written notice. Page two is the City's own notes: acceptance only from a Payments Canada member holding the stated credit ratings, separate letters for each department, and the acceptable alternatives of bank draft, money order or certified cheque.
What it covers
- For Bank Only
- Additional Notes
- Requirements re: Issuing Financial Institution
- Additional Requirements
- Acceptable alternatives to a letter of credit
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