GarantiBank International N.V.


	Basic Products


	Bill of Lading Financing Invoice Financing Warehouse/Distribution Financing FCR Financing Freight Financing Pre-Shipment Financing Position Financing Letters of Credit Import Letters of Credit Export Letters of Credit Stand-by Letters of Credit Documentary Collections Guarantees Payment Guarantees Bonds Non-Bank Financials Institutions Overdraft/Working Capital

Standby Letters of Credit

Stand-by letters of credit (“LC”) provide a secondary or back-up payment for a particular trade transaction under a bank's full coverage. In case the supplier is unable to collect funds from the buyer, such funds may be claimed under the stand-by LC from the issuing bank as per Uniform Customs and Practice for Documentary Credits. Therefore, a stand-by LC can usually be activated in case of the buyer's payment default.

Suppliers or buyers may also obtain financing based on stand-by LCs.

Trade & Commodity Finance Teams together with Documentary Credits experts of GarantiBank International NV are not only providing straight-forward stand-by LC services but also mobilizing fast, accurate and tailor-made banking solutions built in and around such stand-by LCs.