LONDON SHORT FORM / FORMAT
(LETTER OF CREDIT)
The London Short Form 3034 should not be used as this is not
considered a legitimate instrument.
The following is an abstract from the ICC web site:
(The full article
can be obtained here.)
Commercial Crime Bureau (CCB), has warned banks and traders about
the increasing use of a fraudulent financial document called 'London
Short Form 3034'.
CCB says the
document has the appearance of a genuine financial document and
is being used by traders as a form of credit.
It is warning
banks that this form is not authorized or issued by any financial