A Toolkit containing resources to assist the parties using a standby letter of credit as support in a trade finance transaction, whether they are using the standby credit to support the buyer's payment obligations or the seller's performance obligations. This Toolkit can assist banks and financial institutions that issue letters of credit, parties that use standby credits to support their payment or performance obligations, and parties that benefit from standby credits as beneficiaries. These resources provide information about the nature and uses of standby letters of credit, information for negotiating the terms of a standby letter of credit, and forms to be used in letter of credit transactions.