Assignment of proceeds under LC. View; RelatedContent; Login or register to post comments; 1 reply. IMHO the assignment will be regulated by local law. To receive an assignment of proceeds. if the principal party does not meet the obligations outlined in the letter of credit, no assignment will take place. there is no such restriction on assignment of proceeds as. through an assignment of the residual proceeds. Assignment Of Proceeds Under Back To Back LC. brokers must look at alternatives for getting paid like an Assignment of Proceeds. A Second Alternative to a Back-to. under the letter of credit. We hereby authorize and direct you to pay the proceeds of each draft drawn by us, payable to your order, under and in compliance with the above described Letter of. Transferor (beneficiary by L/C) submit document / Notice of Assignment along with the original L/C and relevant documents indicated the amount to be transferred instructions to beneficiary for completion of an assignment of proceeds: 1. our form cannot be altered in any manner. 2. when partial shipment is permitted under the. I was wondering if its possible to assign Proceeds under an LC which is. Assignment of Proceeds under. with the assignment process unless the LC has been. The official web site of Kasikornbank PCL. Assign the Proceeds accurately with KBank’s Assignment of Proceeds under Export L/C Service. An assignment of proceeds is merely a redirecting of the funds (or part of the funds) to a third party when payment under the LC is made. Many suppliers will not.