LC Management
Track Letters of Credit with fronting vs. participation mechanics: the issuer's 100% funded liability, participants' pro-rata contingent liabilities, and the fronting vs. participation fee split. Issuing an LC submits for Four-Eyes approval.
No LC sub-facilities
A Letter of Credit is issued under an LC_SUBFACILITY. Create one to begin tracking fronting and participation liabilities (Req 17.1).