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Letter of Credit (LC)

A Letter of Credit is a bank’s guarantee for payment, up to a set amount. The letter promises the beneficiary that the bank will assume responsibility for a debt or sale.

Documentary Letters of Credit 

  • Documentary letters of credit are involved in international commercial transactions. The Letter ensures payment, provided that the terms and conditions of the credit have been met.

Standby Letters of Credit

  • Standby letters of credit guarantee contractual obligations for a third party. If an unseen development prevents the contract from being fulfilled, the bank guarantees payment, thereby eliminating risk to the third party.

As a strategic partner in the growth of your business, we'll work to determine your needs and objectives to structure the best letter of credit.