Computing systems for managing and administering dynamic letters of credit

A computer-readable storage medium storing instructions that, when executed by a Custody Bank computing system, cause the Custody Bank computing system to perform operations comprising:

• receiving a version of a first LC data structure from an Issuer computing system in relation to a letter of credit (LC), wherein the first LC data structure was created by the Issuer computing system in response to an LC request from an Applicant computing system and wherein the first LC data structure includes a first digital hold on a specified collateral in an amount matching a value stated in the LC request;
• generating, by an automated agent software module, a second LC data structure that includes one or more fields from the version of a first LC data structure and provides a second digital hold on collateral identified from the version of the first LC data structure;
• and
• acting, by the automated agent software module, on one or more payment requests from a computing system of a Beneficiary identified in the second LC data structure by (a) causing a payment to the Beneficiary in a form matching the collateral using the second digital hold to provide the Beneficiary access to at least a portion of the collateral;
• and (b) updating fields of the second LC data structure to reflect the response to the payment request;
• wherein the automated agent software module interfaces with business systems to provide automated control of the second LC data structure.

An Issuer computing system comprising:

• one or more processors;
• and
• a memory storing instructions that, when executed by the Issuer computing system, cause the Issuer computing system to perform operations comprising:
• receiving a digital letter of credit (LC) request from an Applicant computing system;
• obtaining a first digital hold on a specified collateral in an amount matching a value stated in the digital LC request;
• generating a first LC data structure and including the first digital hold in the first LC data structure;
• and
• providing a version of the first LC data structure to a Custody Bank computing system,
• wherein providing the version of the first LC data structure to the Custody Bank computing system causes the Custody Bank computing system to—
• generate a second LC data structure that includes one or more fields from the version of the first LC data structure and provides a second digital hold on the collateral identified from the version of the first LC data structure;
• and
• act on one or more payment requests from a computing system of a Beneficiary identified in the second LC data structure by (a) causing a payment to the Beneficiary in a form matching the collateral using the second digital hold to provide the Beneficiary access to at least a portion of the collateral;
• and (b) updating fields of the second LC data structure to reflect the response to the payment request;
• and
• wherein one or more automated agent software modules interface with business systems to provide real-time updates ensuring an amount of the non-cash collateral and a Stated Amount in the second LC data structure continuously match in real-time.