Zimbabwe
Letter of Credit
A Letter of Credit (LC) is a written irrevocable undertaking issued by the Bank, to a supplier of goods or services at the buyer’s request, to effect payment up to a stated amount, within a stated time, against presentation of specified documents which comply with the terms of the Credit
How it works
- 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 get it
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
What it costs
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How it works
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How to get it
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What it costs
- 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.
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