Prime Bank-Issued Standby Letter of Credit Service For Trade And Projects
Prime Bank-Issued Standby Letter of Credit Service For Trade And Projects
Standby Letter of Credit Issuance Under ISP98 and UCP 600
Financely operates as an independent investment banking advisory and placement agent. We design, underwrite, and secure bank-issued standby letters of credit that meet the specific contractual requirements of your transaction. All mandates are handled through regulated banking partners and remain subject to full know your customer, anti-money laundering, and sanctions screening.
Eligibility. Post-revenue corporates with audited financials, a clear use of proceeds, and verifiable trade or project counterparties. Typical size is United States dollars or euros ten to two hundred fifty million. Standard tenor is twelve to thirty-six months.
Bank-Issued Standby Letters of Credit For Trade And Project Sponsors
Clients receive a bank-approved term sheet detailing covenants, fees, tenor, and SWIFT workflow. We prepare the full underwriting dossier, including the financial model, counterparty analysis, and draft operative clauses, before distributing the mandate to approved issuers. Formal deliverables include the standby letter of credit specimen, SWIFT copy, and confirmation advice when applicable.
SWIFT MT760 Issuance And Optional Bank Confirmation
Standby Letter of Credit Fees, Tenor, And Issuer Selection
- Advisory Retainer. Request a quote for structuring, underwriting, and issuer negotiations.
- Success Fee. One point seven five percent of the standby letter of credit face value. Payable on issuance.
- Bank Charges. Issuer commissions typically zero point seventy-five percent to two point zero zero percent per year, plus advising or confirmation fees if elected.
- Third-Party Costs. Legal opinions, translations, and courier services billed at cost.
Refund Guarantee. If we fail to present at least one issuer-approved standby letter of credit term sheet matching your written mandate within thirty calendar days of receiving a complete compliance file and timely responses, we refund the advisory retainer in full (less documented third-party costs) or credit it to a future mandate at your option.
Standby Letter of Credit Versus Documentary Letter of Credit
A standby letter of credit acts as a secondary payment undertaking that is drawn only on default or non-performance. A documentary letter of credit supports primary trade settlement against presentation of compliant documents. Financely helps clients determine which instrument best protects cash flow and counterparty risk for the specific transaction.
Underwriting And Placement Process
- Qualification Call And Data Room. Checklist issued and preliminary structuring memo within forty-eight hours of file review.
- Underwriting And Dossier Build. Financials, counterparty contracts, and draft standby wording prepared for issuer review.
- Issuer Selection And Term Sheet. We procure an issuer-approved conditional term sheet aligned with mandate parameters.
- Compliance Clearances. Sanctions and anti-money laundering checks completed.
- Issue And Confirm. MT760 issuance and, if required, confirmation with a second bank.
Typical completion is three to six weeks from full documentation to SWIFT issuance, subject to issuer response times.
FAQ – Standby Letter of Credit
Request Standby Letter of Credit Issuance And Placement
Share your contract, target tenor, face amount, and beneficiary details. We will respond with issuer options and a delivery plan.
Start Your Standby Letter of Credit MandateAll services are subject to know your customer checks, anti-money laundering controls, sanctions screening, credit approval, and final documentation with regulated banks. Nothing in this page is a commitment to lend, issue, confirm, or insure.
Get Started With Us
Submit Your Deal & Receive a Proposal Within 1-3 Working Days
Submit your deal using our secure intake form, and receive a quote within 1-3 business days. Existing clients can connect with their relationship manager through our secure web portal.
All submissions are
promptly reviewed, and all communications are conducted through the intake form or the client portal for a seamless and secure process.
Thank you for considering working with us. A nominal fee of US$500 is required upon completion of each form. This fee covers the time and effort we invest in reviewing your submission and crafting a thorough proposal. We receive numerous inquiries and prioritize those that carry this fee, ensuring serious applicants receive prompt attention.
Trade Finance
Tap into solutions like letters of credit, bank guarantees, and payment facilitation. We address the challenge of global transaction risk through structured strategies that foster cross-border growth. Complete the form to unlock streamlined funding aligned with your commercial objectives.
Submit a RequestProject Finance
Access non-recourse funding for infrastructure, renewable energy, or other capital-intensive ventures. We mitigate capital constraints by isolating project assets and focusing on risk management. Provide your details to receive a structure that drives growth and maximizes returns.
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Secure financing for business or real estate acquisitions. We ease transaction hurdles by reviewing cash flow, synergy opportunities, and exit plans. Complete the form for a customized proposal that supports your strategic investment objectives.
Submit a RequestFor Banks
Financely assists banks facing Basel III pressures by distributing trade finance deals and providing collateral for letters of credit. We reduce capital burdens while preserving client relationships and fostering service expansion. Submit your request to optimize your trade finance offerings.
Submit a RequestOnce we receive your submission, our team will review your information to determine feasibility. If eligible, you will receive a proposal or term sheet within 1–3 business days. Visit our FAQ and Procedure pages for more information.
Disclaimer: Financely provides financing based on due diligence and feasibility. Approval is not guaranteed, and past performance does not predict future outcomes. All terms are subject to review. Financely primarily assists with structuring and distribution. Qualified parties carry out the project if the client approves the proposal.
