Are you in need of Standby LC – MT760 for your trade deals? In this video, we, the SBLC Providers in Dubai talks about – SBLC Issuance from European Banks! Watch this video to know more about the SBLC Process to apply MT760 without cash margin!
What is SBLC?
A Standby Letters of Credit is the written commitment issued by a bank on behalf of their clients. And this acts as a payment guarantee which assures the seller; that the bank will be liable to make the payment; in case if the buyer cannot able to fulfill their payment obligation.
In simple words – In case, if the buyer declares bankruptcy or ceases its operation and if he is unable to make the payment to the seller, then the bank that issues SBLCs will fulfill its clients’ obligations.
Abbreviated as SBLC MT760, this helps to facilitate global trade deals between companies they don’t know each other. Also, it bridges the gap in trading between countries that follows different rules and regulations.
SBLC Process – How to Get MT760 from European Banks?
Are you looking to avail of SBLC on behalf of your company? But facing a lack of cash funds to get it from your bank? We, the SBLC providers in Dubai are here to help you! Further, follow the simple SBLC process given here to get Standby LC from EuropeanBanks within 48 working hours.
- Submit your SBLC requirements to us.
- Then, we will study your trade deals & get back to us with a FREE quote.
- If you agree with our terms and conditions, then we will sign the service agreement with you.
- Further, we will ask you to pay the service charges. Once the charges are paid, our team will start structuring your SBLC transaction.
- Next, we will send the MT760 draft for your review & approval. Also, we will ask you to pay the SBLC issuance fee charges.
- Once we receive the draft approval and issuance fee from your end, we will process your request with our European Bank & instruct them to issue the Standby LC from our account on your behalf.
Within 48 working hours, our Bank will transmit the required Standby LC directly to your supplier’s bank account via SWIFT MT760.
Need Standby Letters of Credit from Top-Rated European Banks?
Don’t have fixed deposits in your bank account?
Follow the SBLC Process mentioned above & submit Your Requirements to Us!
We will provide the required Standby Letters of Credit on your company’s behalf in just 2 banking days!
Avail SBLC From European Banks at ZERO Cash Margin!