Demand for letters of credit surges as data centres scramble for power

Global Trade Review · June 24, 2026

Global Trade Review reports on surging US demand for syndicated letters of credit as utilities require data center developers to post collateral on power contracts, citing Halcyon data showing 67 of 109 collateral-related regulatory filings mention a letter of credit and 12 more reference standby LCs, most active within the last two years.

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