Agafonova N. The legal basis of the letter of credit as a legal form of clearing payments

The thesis is devoted to detailed research of the legal basis of the relations arising in the banking payments process. In this connection the subject and method of legal regulation of the relations emerging in the banking activity process was considered; the integrated nature of banking legislation was substantiated; the legal nature of Banking Services Provision Agreement was analyzed; the correlation between financial and civil legal regulations of the clearing relations was presented; the nature of financial legal regulations of these relations was revealed; theoretical fundamentals of the letter of credit as a legal form of international clearing payments as well as peculiarities of its legal regulation was considered.