DSCA Policy Memo 25-108 Bank Letter of Credit Requirements for Supplementation of National Funds has been posted.

Effective immediately, this memorandum updates policy in the Security Assistance Management Manual (SAMM) to revise the required value of a Bank Letter of Credit (BLOC) for partners utilizing a Letter of Credit (LC) to supplement national funds. Specifically, this memorandum establishes that a partner must secure an LC for a dollar value no less than the difference between the Total Case Value and the amount the partner intends to pay from national funds.

This memo updates C9.7.1.2.1.2.1. Requirements.