Stand-by letter of credit by BANK OF AFRICA

5 key benefits

The stand-by Letter of credit is a mutual guarantee. For an export sale, it is a guarantee of good payment. On import, this system assures the supplier that BANK OF AFRICA will replace him if needed.

  1. Reliable: a payment method that offers a high level of guarantee
  2. Fast : a system that saves you time
  3. Attractive pricing
  4. Easy: this system does not require any document verification
  5. Suitable for regular transactions, the system can cover multiple shipments
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Stay informed.

To apply for the stand-by Letter of credit, you must be an exporter or importer of goods or services. For more information, please contact your BANK OF AFRICA customer advisor.

The stand-by Letter of Credit is a less restrictive payment solution than documentary credit since it does not require any document verification neither in the substance nor in the form. In addition, it has almost the same benefits by protecting you against country risk and commercial risk, when the bank adds its confirmation to it.

If you are an exporter and your foreign customer has not proceeded with the payment, you can use the stand-by Letter of credit simply by presenting the documents proving the debt : your customer's issuing bank will then make the payment. If you are an importer, you guarantee to your supplier that BANK OF AFRICA will replace you if necessary.

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Vous pouvez faire votre demande entièrement en ligne ou remplir le formulaire pour être contacté par un de nos commerciaux

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