Letters of credit

This is a written undertaking issued by us at your request as an importer/buyer. It is issued in favour of the exporter/seller, agreeing to pay the exporter/seller, for the buyer's (our customer) goods, subject to certain terms and conditions being met.

How to apply

Visit your nearest Stanbic Bank branch with the following documentation:

  • Audited financial statements.
  • Management accounts
  • Cash flow forecast for the term of the facility
  • Business Profile
  • Completed application form
  • Certificate of Incorporation
  • Memorandum & Articles of Association
  • Tax Clearance Certificate

 


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