PROCEDURE

Our Trade Finance Services

                                                                                         GET YOUR FINANCIAL INSTRUMENT IN 3 EASY STEPS
1. CHOSE THE INSTRUMENT THAT BEST SUITS YOUR NEEDS
2. SUBMIT YOUR APPLICATION
3. RECEIVE YOUR INSTRUMENT DRAFT

                  LETTER CREDIT                   

Letter of Credit Procedure 

We can assist you in your trade deal by providing Irrevocable Letter of Credit (LC- MT700) on behalf of the buyer & in favor of the seller to conclude your imports & exports.

Below are the simple steps to avail LC or DLC from us.  If you prefer, complete the corresponding application that you will find below and send it to us.

  1. Client submits their LC or DLC request to Standard Trade Finance in terms of Signed Copy of Pro-forma Invoice Or Sales & Purchase Agreement of their Trade deal and informs the Face Value & Validity of their required LC or DLC. 
  2. We will review your business transaction and will inform the Client about our consent or refusal of their LC or DLC application.
  3. After the acceptance of your request, we will send you a Draft of the LC so that it can be reviewed by all parties. If the parties agree, the client will send us the signed and accepted Draft.
  4. After receiving the Draft signed and accepted by the client, we will send you our contract and we will inform you of the cost for our service.
  5. The Client will provide some required documents, together with our signed contract and pay the MT700 issuance fee charges. Once STF has received the requested documents, and issuance fee charges, we will instantly request our bank for issuance of the required LC. It will not take more than 2 banking days to conclude the LC or DLC transaction.                                                               

        STANDBY LETTER OF CREDIT

Standby Letter of Credit Procedure

Being a direct provider, we can support your imports and exports by providing Standby Letter of Credit (SBLC - MT760) on behalf of importer and in favor of the exporter to conclude your trade deals.

Below is the procedure to get Standby LC with us. If you prefer, complete the corresponding  application that you will find below and send it to us 

  1. At first the client (importer / purchaser) will submit their SBLC request. They should provide buy and sell agreement or pro-forma offer of their trade deal.
  2. We will review your business transaction and will inform the Client about our consent or refusal of their MT760 request.
  3. After the acceptance of your request, we will send you a Draft of the SBLC so that it can be reviewed by all parties. If the parties agree, the client will send us the signed and accepted Draft.
  4. After receiving the Draft signed and accepted by the client, we will send you our contract and we will inform you of the cost for our service. 
  5. The Client will provide some required documents, together with our signed contract and pay the MT 760 issuance fee charges. STF will act instantly and provide Standby LC. This MT 760 will be on behalf of Purchaser and in favor of their seller to conclude their trade deal. It will not take more than 2 banking days to conclude.
                                                                                      


            BANK GUARANTEE

Bank Guarantee Procedure

We, Standard Trade Finance can assist you in your commercial transactions by providing Bank Guarantee (BG - MT760). This will help you to achieve your business goals.

Below is the easy process to obtain a BG from us. If you prefer, complete the corresponding application that you will find below and send it to us.

  1. In the first place, the client will submit the details of their requirements to Standard Trade Finance. The documents will also include the copy of pro-forma invoice or sales & purchase agreement of their trade deal or project.
  2. We will review your business transaction and will inform the Client about our consent or refusal of their MT760 request.
  3. After the acceptance of your request, we will send you a Draft of the BG so that it can be reviewed by all parties. If the parties agree, the client will send us the signed and accepted Draft.
  4. After receiving the Draft signed and accepted by the client, we will send you our contract and we will inform you of the cost for our service.
  5. The Client will provide some required documents, together with our signed contract and pay the MT 760 issuance fee charges. Once we receive all the documents and issuance fee charges, STF will act instantly and provide BG. It will not take more than 2 banking days                                                                                                                                                                                                                    
These are some of the banks with which we have agreements in USA, Hong Kong and Europe