In order that the books and records of a bank or trust company reflect its contingent liabilities, the bank or trust company shall properly maintain records on all letters of credit issued and outstanding showing the following information:

1. (1) Controlled registration numbering system;
2. (2) Name of the account party for whom the letter of credit is established;
3. (3) the name of the beneficiary;
4. (4) the amount; and
5. (5) the expiration date.

Amended at 25 Ok Reg 1064, eff 5-25-08