ETC’s International Payment Guarantee Standby Letter of Credit (SBLC) is a financial solution designed to secure international trade transactions for African banks and their corporate clients.
This service provides an irrevocable payment guarantee, ensuring reliable and secure transactions.
In the context of international trade in and with Africa, payment security and trust between trade partners are crucial.
The SBLC Payment Guarantee helps overcome challenges related to economic instability and political uncertainties, facilitating international exchanges and reducing financial risks for both exporters and importers.
The SBLC Payment Guarantee is an irrevocable banking commitment issued by the importer’s bank, ensuring that the seller (exporter) will receive payment, provided the documents presented comply with the specified terms and conditions. It secures commercial transactions by confirming that payment will be made once the contractual conditions are met.
|
|
---|---|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
---|---|
|
|
|
|
|
|
|
|
|
|
|
|
Formula :APR = (AF/T) + (IF/T) + CF
Caption:
APR = Annual Percentage Rate
AF = Application Fees (Indicative rate 1% flat)
IF = Issuing Fees (Indicative rate 0.5% flat)
T = Tenor (year)
CF = Commitment Fee (Annual rate according to Financial Rating*)
* See table