Letter of Credit Support
Advisory and coordination support for arranging and managing letters of credit.
Global
Trade
Situations this applies to.
- —Giving an international counterparty confidence that payment will be made
- —Meeting a supplier's requirement for a letter of credit before shipping
- —Understanding the different types of letters of credit and which applies
- —Managing the documentation a letter of credit requires to be honoured
Our role in this.
We advise on and coordinate the letter of credit process — from understanding what a counterparty requires, through to working with the issuing and advising banks on documentation and terms.
What's useful to have ready.
- The commercial contract requiring the LC
- Counterparty and bank details
A typical advisory sequence — not a guaranteed or universal process, and steps may run in parallel depending on the transaction.
Assess
We review the commercial arrangement, financial position and documentation relevant to the requirement.
Structure
We identify the financing or transaction structure appropriate to the specific situation.
Coordinate
We coordinate with relevant financial institutions or counterparties on terms, documentation and approval.
Support
We remain engaged through completion and into the ongoing trade relationship.
Also part of Documentary Trade.
Considering Letter of Credit Support for your business?
Speak with our Paras Global Trade team about your specific situation.
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