Standby Letters of Credit
Express Trade Finance specializes in Standby Letters of Credit (SBLCs), which are powerful financial tools that secure international transactions. Whether you’re securing a performance obligation, trade promise, or credit assurance, our SBLCs solutions keep you covered, even in the event of default.
What is a Standby Letter of Credit (SBLCs)?
An SBLC (Standby Letter of Credit) offers credible financial guarantees to the beneficiary in case the client is unable to fulfill agreed contractual obligations. Widespread across global trade, SBLCs safeguard traders by guaranteeing payment even where the buyer fails. SBLCs are different from regular letters of credit, which are used to guarantee upfront payments. Instead, they act as a safety net that only helps when obligations like payment or performance are not met. They minimize risk and maximize trust among parties.
Why Express Trade Finance for SBLCs?
We make it easy to get Standby Letters of Credit by having a simple application process, low fees with no surprises, and custom trade finance solutions. Supported by a worldwide network of affiliated banks, we facilitate smooth, secure, and efficient SBLC transactions according to your business requirements.
Benefits of Standby Letters of Credit (SBLCs)
A Standby Letter of Credit (SBLC) provides a strong financial cushion, guaranteeing payment security and facilitating confidence between trading partners. It guarantees sellers payment even in the case of default by buyers, making it a priceless instrument in high-risk trade.
Recent Completed Transactions
Reliability When It Matters Most
We provide SBLCs that give your partners the confidence to move forward—even in uncertain conditions. With our expert-led process, you get structured guarantees tailored to your transaction, delivered swiftly, and backed by global issuing institutions.
How We Help You Secure an SBLC
Initial Documentation
We start by collecting the necessary documents SLCs such as a filled-in application form (or a Proforma Invoice/Sales Contract), the company’s trade license, passport copies of the owner and shareholders, the last three months of bank statements, one-year audited financials, and a list of shareholders.
Draft Preparation & Review
Once documentation is complete, we assist you in selecting a reliable issuing bank or financial institution. We prepare the initial draft of the SBLCs for your review and help with any amendments. Once finalized, you approve the draft with a company stamp and authorized signature, along with an email confirmation.
Invoicing & Payment
After draft approval, we issue an invoice for the agreed charges. Upon receiving your payment, we proceed with coordinating issuance with the selected institution.
Issuance & Delivery
We facilitate the issuance of the SBLCs via SWIFT or courier, typically within 7 working days, depending on the issuing bank’s policies. You will also receive a copy via email for your records, and we remain available to assist with any related trade documentation.