Letters of Credit are a credit facility guaranteeing payments on behalf of a customer to a beneficiary, normally a third party but sometimes to the Bank’s customer, for a stated period of time.
Next steps:
Contact your Relationship Manager
Call us on (345) 949 - 7755
More about Letters of Credit
Extended to trusts, corporations, partnerships, sole proprietors, not-for-profit organisations or companies purchasing real estate property for investment.
What you should know before you apply
The Credit Officer sets a variable interest rate based on the value of the relationship as well as the collateral securing the borrowing.
A Commitment Fee or Arrangement Fee is charged and is dependent on the purpose, amount and term of the borrowing.
