Dubai Municipality Housing Building Office No MZ01, Mezzanine Floor, Deira Dubai customer.support@eximcreditllc.com
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Procedure

  • Buyer submits requirement in terms of pro-forma invoice or buy and sell agreement of their trade deal to Exim Credit.
  • Exim Credit carries due diligence of their commercial transaction between buyer & seller and will inform the concerned parties about the approval or rejection of their SBLC application.
  • Once the SBLC application is approved then the buyer will provide certain documents and pay the SBLC issuance fee charges.
  • Exim Credit will immediately  Issue/Swift as per the required SBLC on behalf of buyer & in favor of their supplier to conclude their trade deal.
  • All Swift Issued/Transmited are full Recorded By SWIFT Alliance.

Standby Letter of Credit Information

The Standby LC or SBLC (MT-760) is a Standby payment guarantee issued by a bank on behalf of their client that is used as “payment of last resort” if the client fails to fulfill a contractual commitment with a third party.

Standby Letter of Credit is created as a sign of good faith in business transactions and are proof of a buyer’s credit quality and repayment abilities.

Standby Letter Of Credit is often used in International trade transactions, such as the purchase of goods from locally and internationally. Standby Letter of Credit can be used as Collateral for Credit Enhancement. It is ideal for companies planning to expand their business and do not want to give up equity of their company. This improves company’s cash flow as it allows the company to use their funds for alternate purposes before payments become due.

Our experts are structuring Standby Letter of Credit to meet your business needs while helping to protect your interests to the extent in every possible circumstance.

Exim Credit has been providing Standby Letter of Credit on behalf of their client/buyer to fulfill a contractual commitment towards the supplier/ beneficiary.
We are Wealth and Investment Banking Institution that provides Line of credit insurance to SME/IMPORTER AND EXPORTERS. We have extensive experience in international trade Finance by Issuing our Line of Credit (LC, SBLC, BG, POF, and RWA) to Enhance Traders, Cross Border Transaction, We do also Capital raise By Monetizing and Trading , Bank Instrument, Bond, as well as Assets. In Order to Conclude any Trade Deals.

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HQ-UNITED KINGDOM - UK
Kemp House,160 City Road,
London EC1V2NX, UK
D-U-N-S® #: 226050270
UNITED ARAB EMIRATES- UAE
INTERNATIONAL CORDINATE UNIT
Dubai Municipality Housing Building
Office No MZ01, Mezzanine Floor,
Deira Dubai-United Arab Emirates
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