With the dfcu Letter of Credit, mitigate business risk during the importation of any materials or goods. Contractors or suppliers can open Letter of Credit to various suppliers around the world for a period of 1-year payable within the agreed time periods with the supplier.

Benefits

• Same day processing of LCs and receipt of swift advice copy
• Flexible solution of an import loan to pay the LC in case of cash flow challenges
• Competitive pricing on issuance fees for enhanced profitability
• Maximum tenor on LCs up to 1 year
• Confirmation of LCs at competitive rates from any of our correspondent Banks

Requirements

• Copy of proforma invoice
• Details of pledged security
• Copy of financial card
• Audited financial statements