UPAS LC

Usance Letter of Credit for Companies 

 Fast Issuance


Get Usance Letters of Credit for your business needs. Secure trade payments, flexible terms, and fast issuance from AAA-rated banks. Simplify your transactions now.

Usance Letter of Credit Services - Secure Trade Payments
Usance Letter of Credit Term Sheet
Parameter Details
Issuing Banks
  • JPMorgan Chase
  • HSBC
  • Standard Chartered Bank
  • Deutsche Bank
Eligibility
  • Corporate clients with valid international trade contracts
  • Proven creditworthiness or guarantee fund backing
Letter of Credit Amount
  • Minimum: $1,000,000 USD
  • Maximum: $50,000,000 USD
  • Subject to trade volume and credit profile
Tenor
  • 90 to 360 days
  • Extensions available upon approval
Fees
  • Issuance Fee: 1% to 2.5% of the LC value
  • Amendment Fee: $5,000 to $25,000 (if applicable)
  • Retainer Fee: $50,000 USD (non-refundable)
Conditions Precedent
  • Submission of trade documents (e.g., purchase orders, sales contracts)
  • Approval of credit risk by issuing bank
  • Payment of retainer and applicable fees
Processing Timeline
  • 15 to 30 business days from receipt of complete documentation
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