Good afternoon....I understand your client's reluctance to disclose information, but given the economic turmoil of the last several years and the precarious positions most of the banks have found themselves in, if your client want to obtain a letter of credit...which the banks view as a loan and as a result require the borrower to submit the information necessary to obtain the loan...your client is going to have provide the information requested. At different points in time, the lenders have been more proactive in seeking business and were sometimes a bit looser in their requirements, but now, with regulators breathing down their necks overlooking every transaction, banks simply aren't going to make loans or issue letters of credit without proper documentation. Your client is the one that needs the LC and the banks are the ones with the power to provide the LC...so your client is going to have to capitulate if he want to get the LC.
I hope this has given you the guidance you were seeking. I wish you the best of luck!
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