We provide Standby Letters of Credit (SLOC) to secure your trade transactions. Our SLOCs, backed by top-tier banks like JPMorgan Chase and China Construction Bank, ensure maximum security and reliability for your business needs.

Key Benefits of Our SLOC Services

Selecting the right Standby Letter of Credit (SLOC) provider is crucial for your business. It largely depends on your business needs and financial strength. If your business has high turnover and good credit history, it’s often better to go with local banks for issuing an SLOC.

Collateralized SLOC

• Fully Collateralized: Most banks require 100% collateral to back up the Letter of Credit, meaning you need assets or cash equivalent to the value of the credit.
• Issued by Top Banks: We work with JPMorgan Chase and China Construction Bank. No NBFCs involved.
• Minimum LC Face Value: $5,000,000 USD.
• Bank Fees: Additional fees typically range between 2% & 6% annually, plus initial issuing charges.

Unsecured SLOC

• Rare Situations: Some banks may issue an unsecured LC if the transaction is deemed low risk.
• Third-Party Collateral: If you lack collateral, a third party can provide it.

Pricing and Fees

• Retainer Fee: Starting at $50,000 USD.
• Interest Rates:
  • If we raise debt: Above prime rate.
  • Using your own liquidity: Less than 4% per annum.

Why Financely.io?

• Trusted Banks: Secure and reliable financial backing from globally recognized banks.
• Expert Guidance: Comprehensive support and strategic advice from our experienced team.
• Full-Scope Trade Finance: Part of our complete trade finance distribution services.

Get Started with Standby Letters of Credit Today

Secure your trade transactions with Standby Letters of Credit from Financely.io. Click below to schedule a consultation or request a quote.