{"data":{"id":"us/31-cfr-515.406","jurisdiction":"us","citation":"31 CFR 515.406","heading":"Drafts under irrevocable letters of credit; documentary drafts.","body":"Section 515.201 prohibits the presentation, acceptance or payment of:\n(a) Drafts or other orders for payment drawn under irrevocable letters of credit issued in favor or on behalf of any designated national;\n(b) Drafts or other orders for payment, in which any designated national has on or since the “effective date” had any interest, drawn under any irrevocable letter of credit; and\n(c) Documentary drafts in which any designated national has on or since the “effective date” had any interest.","path":["Title 31—Money and Finance: Treasury","Subtitle B—Regulations Relating to Money and Finance","CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY","PART 515—CUBAN ASSETS CONTROL REGULATIONS","Subpart D—Interpretations"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-31.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:25Z","sha256":"e4fdad999456636ddeccbbf54e6b0a1ce049a4d0022b0eac350d9b68ea38a3fa","source_id":"us-cfr","stale":true,"prev":"us/31-cfr-515.405","next":"us/31-cfr-515.407"},"notice":"GroundRules: Original legal text. Not legal advice."}