If your customers are concerned about the credit risks (such as non-payment, non-delivery of goods, warranty, etc.), what can you do?

What is a Standby Letter of Credit?

If your customers are concerned about the credit risks (such as non-payment, non-delivery of goods, warranty, etc.), what can you do?

We can issue different types of Guarantees or Bonds to suit your needs. A guarantee or bond states that you will comply with the terms of the contract/agreement with your customers, otherwise your customers will be compensated .

Four types of Guarantee or Bond:

• Bid Bond
• Performance Bond
• Advance Payment Guarantee or Down Payment Guarantee
• Payment Guarantee

What is a Standby Letter of Credit?

A Standby L/C is a guarantee to the beneficiary against defaults by the applicant in the performance of his commitment.  It is often used in lieu of a performance guarantee; for example, to help another company obtain credit.