- Corporate banking
- Trade Finance & Remittance
- Importing
- Letter of Credit Issuance
- Corporate banking
- ...
- Letter of Credit Issuance
Letter of Credit Issuance
Issue trusted L/Cs. Convenient and timely service, with global reach.
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- SCBM provides Letter of Credit Issuance service when your company has agreed to pay a supplier by L/C. You can issue L/Cs under the L/C credit facility set up with the Bank.
- SCBM prepares the L/C, including details, terms, conditions and trade documents, according to your agreement with the seller. We then send the L/C to your supplier via their advising bank.
- When your supplier fulfills the terms and conditions in the L/C and sends the trade documents via their bank to SCBM for payment, we will check to confirm all details. We then inform your company to make payment in order to receive the trade documents. Or, if we discover a discrepancy, we ask your company to consider whether or not to pay.
- We provide L/C Amendment services for L/Cs issued by SCBM, provided both your company and the seller agree to the changes in terms and conditions
Highlights
Rest assured that your L/C will be issued correctly
L/Cs issued by SCBM are well regarded and trusted
Prompt, accurate and trusted service from our experienced team, who are available to assist you every step.
SCBM’s convenient and secure online service allows you to issue L/Cs yourself 24 hours a day
Benefits
- An L/C reassures both your company and your vendor because it is a form of purchase confirmation from SCBM. Buyer and seller can both transact with confidence since SCBM guarantees payment.
- Payment via L/C helps ensure that your company will receive the trade documents needed to secure release of goods from the shipping company
- You can increase your company's liquidity by using the credit terms from the L/C
- Assists in purchasing management and ensures that imports are received on time
