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
|