Standby letter of credit

The Standby letter of credit is an essential security tool for companies seeking to minimize risk in their recurring commercial transactions over a period of up to 12 months.

By guaranteeing the performance of contracts and obligations, Standby L/C plays a crucial role in reducing the risk of non-payment or default by the exporter. Limited in the number of documents required, such as the bill of exchange, the demand for payment, a signed declaration by the beneficiary attesting to the default and any other documents required, the Standby L/C is a form of international documentary guarantee that functions as a default guarantee.

BTL, with its expertise and first-class signature, is the ideal partner to secure your commercial transactions by making this effective instrument available to you.

Standby L/C lets you accept simple payment methods such as bank transfers, while benefiting from the security of a bank guarantee in the background.