FAQ

Find out the answers to some of our most frequently asked questions

How long does it take to get financed?

It depends on the type of facility a client needs, and the response time of the client. Many transactions close within 3 days, although in some cases STF can put a facility together in as little as 24 hours


Why use Standard Trade Finance  instead of other financiers?

STF leverages its network of world class financing sources and logistics partners to offer the most competitively priced, quality Trade Finance solutions – including Letters of Credit and Guarantees. Talk to us, and together we will find a financing plan that serves you best.


What is the quality and degree of guidance I can expect for each transaction?

STF’s professional team strives to make the entire LC process simple and easy to understand, regardless of whether you are a financial expert or have never heard of LCs before.

Analyzing your business’s particular model, STF can project your expected financial benefit in working with us. STF strives to provide you with a number of options to choose from, so that you can pick what serves your needs the most.


What kind of consulting do you provide?

STF provides consulting related to Trade Finance – with an emphasis on the use of letters of credit and guarantees.


I have opened Letters of Credit with my bank before; how are yours different?

Working with us as opposed to your bank is significantly better for two (2) reasons:

1. STF utilizes its own lines when opening LCs on its client’s behalf. Clients can keep their existing credit lines to use at their discretion.

2. STF maintains relationships with many banks and financiers. STF’s clients can take advantage of this network and optimize their deals; they are not stuck with one bank who might not always provide viable solution to the client’s needs.


What kind of collateral do you require to open up a Letter of Credit?

The collateral required depends on the facility type, the issuer, and many other factors. However in most cases STF is able to structure transactions without the needs for specific collateral. As such, there is usually no need to free collateral pledged to existing financiers or banks