Lowest-Cost Letter of Credit Solutions. One RFQ. Multiple Bank Quotes
Lowest-Cost Letter of Credit Solutions. One RFQ. Multiple Bank Quotes
1. How the Platform Works
- Submit an RFQ. Enter amount, tenor, beneficiary country, and whether you need a standby (SBLC) or documentary LC.
- Receive quotes. Investment-grade commercial banks respond with pricing for issuance and confirmation. We exclude NBFCs to keep counterparty risk low.
- Compare and accept. Review cost, collateral requirements, and processing time. Select the institution that fits your trade cycle.
2. Fully Collateralised LCs – Fastest and Cheapest
Clients able to post 100 per cent cash or marketable securities secure the most competitive issuance fees. Collateral rests in a pledge account and releases on LC expiry or drawdown compliance.
3. Under-Collateralised LCs – Margin Finance Through Our Network
When cash cover is limited, Financely arranges a margin line with private credit lenders on the platform. Typical advance rates sit between 60 and 80 per cent against eligible collateral. The LC issues once the margin lender confirms funding, and the shortfall is covered.
4. Pricing Variables
- Issuing bank rating and jurisdiction.
- Tenor and structure (sight, usance, revolving).
- Collateral form and coverage ratio.
- Country and sector risk linked to beneficiary.
5. Information Required Upfront
To generate binding quotes, the RFQ must include audited financials, recent management accounts, goods description or project scope, and beneficiary details. Full disclosure is mandatory; undisclosed liabilities or compliance flags halt the file and forfeit any retainer already paid.
6. Timeline Guide
- RFQ acceptance and KYC clearance – 48 hours.
- Quote window – 3 business days.
- Issuing bank selection and documentation – 4 to 7 business days.
- Final issuance – 2 to 5 business days after signing.
7. Fees and Refund Logic
An underwriting retainer covers compliance checks, collateral vetting, and quote management. The retainer is non-refundable once analysis starts. Success compensation applies only when the LC is issued and confirmed. All charges are disclosed in the mandate letter.
8. Assurance on Process Integrity
Financely brokers access to licenced banks under recognised LC rules (UCP 600 or ISP 98). Each issuing bank carries investment-grade or equivalent credit strength, and every margin lender operates under a regulated private-credit structure. The platform maintains ISO 27001 data security and professional-indemnity cover. Clients can audit the quote log at any time.
Ready to compare rates and cut issuance costs without compromising on bank quality?
Start RFQGet 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.
Submit a RequestAcquisitions
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.
