Global Letter of Credit Underwriters, Issued by Top 20 Banks

Global Letter of Credit Underwriters, Issued by Top 20 Banks

Global Letter of Credit Underwriters, Issued by Top 20 Banks

Financely acts as a placement agent for Letters of Credit. We structure and place issuance with top global banks, secure advising and confirmation with acceptable counterparties, and coordinate documents that clear on first presentation. Where cash margin is constrained, we arrange collateral solutions that meet bank requirements without compromising credit discipline.

Outcome: a bank-routed, confirmed LC issued by a top tier institution with agreed wording, clear fees, and a closing calendar aligned to shipment dates.

When To Engage Us

Seller requires a confirmed LC
Your issuing bank is not accepted and you need confirmation from a bank on the seller’s panel.
UPAS terms requested
Seller needs cash at sight while you reimburse at tenor with transparent pricing.
SBLC for performance or advance
Bid, performance, or advance payment guarantees with enforceable collateral support.
Large or sensitive corridors
Syndicated issuance, sanctioned-country screening, or complex advising chains.

What We Arrange

Product Scope Use case
Documentary LC issuance Issuing bank selection, wording, reimbursement, SWIFT routing Imports where seller demands bank risk
LC confirmation Advising and confirming banks acceptable to the seller Sellers in higher risk jurisdictions or with strict credit policies
UPAS LC Sight settlement to seller with buyer usance reimbursement Working capital relief for buyers without delaying shipment
Standby LC Bid, performance, advance payment, and financial SBLCs EPC, commodities, and supply contracts needing contingent support

Collateral Pathways When Cash Margin Is Constrained

Pledges over receivables or contracts
Enforceable assignment of proceeds from defined counterparties subject to bank acceptance.
Marketable securities or cash top-up
Segregated custody with lender control and margining rules.
Insurance and confirmation
Trade credit insurance or confirmed LC to reduce counterparty risk.
Third party collateral providers
Structured pledges with revenue waterfalls where appropriate and compliant.

Our Process

1) Intake
PO or SPA, Incoterms, shipment plan, counterparty details, bank names, KYC.
2) Structure
Product selection, draft wording, reimbursement terms, and collateral mapping.
3) Placement
Approach top tier issuers and confirming banks. Obtain fee grids and acceptance.
4) Issuance
Execute final wording, monitor SWIFT, and support document presentation to payment.

Indicative Parameters

Issuers Top 20 global banks with strong trade desks and established confirmation networks
Tenor Sight to usance per contract requirements
Currencies Major currencies subject to sanctions and policy checks
Collateral Cash, securities, receivables pledges, confirmations, or structured support as approved by the issuing bank
Timing Subject to file quality, counterparty acceptance, and compliance clearance

What You Receive

Deliverable Contents Purpose
Bank route memo Issuing, advising, and confirming banks with acceptance notes Secures seller acceptance and clears routing
LC draft pack Wording, presentation checklist, reimbursement terms Reduces amendments and refusals
Fee grid Issuance, advising, confirmation, and UPAS pricing Cost clarity before issuance
Closing calendar Milestones, SWIFT timelines, inspection dates Aligns execution to shipment

Documentation Checklist

Item Requirement
SPA or PO with Incoterms Amounts, specs, shipment windows, and inspection rules
Counterparty details Full legal names, addresses, bank coordinates, acceptance preferences
KYC and sanctions UBO map, registration docs, screening results, source of funds
Draft LC wording Presentation list, expiry, latest shipment, reimbursement instructions
Collateral support Cash margins, pledges, insurance, or confirmations as applicable

FAQ

Are you an issuing bank?
No. We act as a placement agent. We structure the transaction and place issuance with top tier banks, then coordinate advising and confirmation as required.
Which banks issue the LC?
Top 20 global banks with active trade desks. Selection depends on corridor, counterparty acceptance, sanctions policy, and pricing.
What is the difference between DLC, UPAS, and SBLC?
A DLC supports documentary payment against presentation. A UPAS LC pays the seller at sight while the buyer reimburses at tenor. An SBLC is a contingent undertaking used for performance, advance, or financial support.
Can you arrange confirmation if the seller requires it?
Yes. We route advising and confirming banks acceptable to the seller and align fee grids prior to issuance.
What collateral is required?
Issuing banks may request cash margin, marketable securities, receivables pledges, or structured support. We assess and arrange the most practical path subject to bank approval.
How are fees structured?
Fees include issuance, advising, and confirmation charges. UPAS adds a usance pricing component. Our arrangement fee is quoted after document review.
How quickly can an LC be issued?
Timing depends on file quality, counterparty acceptance, and KYC clearance. Clean files move faster. We provide a dated closing calendar with the term sheet.
Do you work with transferable or back-to-back LCs?
Yes, subject to issuer policy and counterparty acceptance. We confirm feasibility during structuring.
What documents should we send first?
SPA or PO with Incoterms, shipment plan, full KYC, counterparty bank preferences, and any collateral information. Draft LC wording is helpful.

Request LC Placement With Top Tier Banks

Share your contract, bank preferences, and deadlines. We will return a bank route, fee grid, and issuance timeline.

Start the Process

Financely acts as a placement agent and does not issue Letters of Credit. Any facility is subject to bank due diligence, KYC and AML checks, sanctions screening, internal approvals, and executed documentation. Parameters are indicative and provided for guidance only.

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.

Express Application Submit Your Deal
Request a Proposal
Request a Proposal / Submit a Deal

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 Request

Project 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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Acquisitions

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.

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For 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 Request

Once 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.

Still Have Questions? Schedule a Consultation

If you still have questions after visiting our FAQ and Procedure pages, we invite you to book a paid consultation for personalized guidance. A $250 USD fee applies per session.