For smooth international transactions
A standby letter of credit can be issued as an alternative to a guarantee and to satisfy the requirements of the US market.
This has all the characteristics of a guarantee except that it must have an expiry date, which can be extended at regular intervals at the option of the exporter to satisfy the requirements of the buyer.
Improve your cash flow
Eliminate the need to provide your buyer with cash as security against any breach of the contract.
Get in touch with a Specialist