Letter of Credit

Conduct Trade Transactions Seamlessly

 

Our Letters of Credit  facilitate secure transactions, reduce trade risks, and ensure that your business operations run smoothly. With flexible terms and guaranteed payments, we help streamline your global operations.

Benefits

 

  • Minimize the risk of international trade with guaranteed payments
  • Ensure your unique trade requirements are met with trade finance solutions, including sight LCs, usance LCs, and standby LCs
  • Benefit from fast and reliable LCs processing

Features

Risk Reduction

Mitigate risks against non-payment by ensuring the seller receives payment only when the agreed conditions are met.

Cash Management

Manage your cash flow effectively by securing payment terms that suit your business needs, with options for deferred or immediate payment upon presentation of documents.

Secure Payments

Get additional layer of security in international trade with the issuing bank guaranteeing the settlement of the transactions payment.

Trade Relationships

Build trust and stronger relationships with international partners through secure and reliable trade terms.

Letters Of Credit Services

 

  • Sight Letters of Credit: Payments are made immediately upon presentation of the required documents for quick and efficient settlements to sellers
  • Revolving Letters of Credit: Suitable for ongoing business relationships conducting multiple transactions under a single credit arrangement over a set period
  • Usance Letters of Credit: Payments are deferred for a set period after document presentation to help buyers manage their cash flow
  • Standby Letters of Credit: Backup payment guarantee is used only if the buyer fails to meet payment obligations

Apply for Our Letters Of Credit

Submit Application

The buyer applies for a Letter of Credit (LC), specifying the terms of the transaction, including payment terms, required documents, and deadlines.

Provide Documentation

Prepare and provide documents, and ensure they comply with the terms specified in the LC form.

Issuance Process

Upon reviewing the request, we issue the LC in favor of the seller, outlining conditions under which payment will be made.

Payment Disbursement

Upon successful document verification, the payment is released to the exporter’s bank. The exporter then receives the payment for the goods shipped.

To Find Out More

Get in Touch

HBZ Contact Centre
+971 4 387 0700

Email
csd@habibbank.com

Contact your Relationship Manager
Visit a branch

Head Office

6450 Kitimat Rd, Mississauga
Ontario, L5N 2B8, Canada

Phone:
+1 (905) 276 5300
+1 (855) 82 HABIB

Email:
info@habibcanadian.com

Visit Branch:
Find your nearest branch and meet with our banking specialists.

Please enable JavaScript in your browser to complete this form.
Are you an existing customer?
Subscribe & Stay Updated!

Get exclusive updates, offers, latest promotions, and important information.

Subscribe to our newsletter

Please enable JavaScript in your browser to complete this form.
[wpdreams_ajaxsearchlite]