Trusted Standby Letters of Credit Provider

Express Trade Finance is one of the leading Standby Letters of Credit providers globally. We invite you to explore the transformative world of Standby Letters of Credit (SBLCs). Designed to be your financial ally, SBLCs provide a safety net for international trade, ensuring security, flexibility, and peace of mind.

They serve as a guarantee of payment to a beneficiary if the client fails to fulfill their contractual obligations. SBLCs are often used in international trade and business transactions to provide assurance to the seller that they will receive payment if the buyer defaults.

These instruments act as a form of security, offering confidence to both parties involved in the transaction. Unlike traditional letters of credit, which are used as a method of payment, SBLCs are primarily used as a backup or secondary payment method.

They are typically activated only if certain predetermined conditions are not met, such as non-payment or non-performance by the buyer. Dive into the versatility of Standby Letters of Credit. Explore how our solutions cater to various industries, providing financial security and flexibility for performance bonds, trade finance, and project financing.

How SBLC' s Work for You?

Application and Issuance: Start by applying for an SBLC tailored to your trade requirements. Our experienced team ensures a swift and efficient issuance process.

Financial Security: Sellers gain confidence with the financial security of an SBLC, guaranteeing payment upon the fulfillment of agreed-upon terms.

Risk Mitigation: Buyers benefit from reduced risks, as the SBLC acts as a safeguard against non-performance or default by the seller.

Our Commitment to You

Expert Guidance: Rely on our team of experts to guide you through the application, issuance, and utilization of SBLCs, ensuring a seamless experience.

Tailored Solutions: We understand that each business is unique. Our custom-tailored SBLC solutions cater to the specific demands of your industry and trade transactions.

SBLC Issuance Procedure

1. In order to finalizing the draft , we need following documents/ information.

i. Filled-in Application form/ Proforma Invoice or Sales Contract
ii. Company Trade License
iii. Passport copy of the owner and shareholders
iv. Last three months bank statement
v. One-year audited financials
vi. Shareholding List

2. After acquiring all the above documents/information, we will assist the client in selection of the issuing bank/financial institution and assist in finalizing the draft for client’s review.

3. Upon receiving the draft copy of the instrument, client must thoroughly review the draft for any corrections, additions or removal of information. Should there be any amendments, we can assist in amendment of the draft accordingly to match clients’ preferences. Once the draft is approved by all the related parties, client will need to send us a copy of the draft with authorized signatory’ sign and company stamp on the draft as client’s approval along with an email confirming the same.

4. We will raise the invoice for the charges agreed and client will make the remittance against the invoice.

5.Only after we receive the payment for the raised invoice, we will assist on following with the issuing bank/financial institution consulted and provide assistance in issuing the instrument through swift/courier within 7 working days depending the issuing bank/financial institution policy.

6. Simultaneously we will assist the client in receiving the issued copy through email for reference and record keeping.

Note: The issuing charges would depend on the amount of the SBLC required, the type of the SBLC, the issuing bank selected for issuance and the beneficiary bank to which it is to delivered.

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