UPAS (Usance Payable at Sight) LC Arrangement & Refinancing
UPAS LC Arrangement & Refinancing Services
We arrange Usance Payable at Sight (UPAS) Letters of Credit for importers, exporters, and commodity traders who require extended payment terms without delaying supplier payment. UPAS structures allow buyers to obtain financing at competitive rates while suppliers receive cash immediately upon presentation of compliant documents.
What is a UPAS Letter of Credit?
A UPAS LC is a hybrid trade finance instrument. It is issued as a usance LC, but the negotiating bank pays the seller at sight. The buyer repays the issuing bank at the end of the usance period, effectively obtaining a short-term credit facility tied directly to a trade transaction.
Key Benefits
- Immediate payment to suppliers, preserving relationships
- Extended repayment terms for buyers (typically 90–180 days)
- Competitive financing rates compared to unsecured facilities
- Reduced working capital pressure during shipment and customs clearance
- Applicable for both goods and certain services under eligible contracts
Refinancing Existing UPAS Facilities
We also structure refinancing solutions for existing UPAS LCs, replacing high-cost facilities with more competitive ones from our network. This process involves full document review, counterparty due diligence, and securing better repayment terms without disrupting supply chain timelines.
Engagement Criteria
- Minimum transaction value: $2M USD(single or annual contract)
- Clean compliance profile for all counterparties
- Fully executed sales/purchase contract or pro forma invoice
- Jurisdictions and banks approved by our compliance team
Commercial Terms
Submission Requirements
Financely Group acts strictly as an arranger. All UPAS facilities are placed through regulated institutions, subject to full compliance and credit approval.
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.
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.
