SBM Letter of Credit provides you with support by facilitating the purchase of goods and services in international and domestic trading operations. Letter of Credit is an undertaking by a bank (opening/issuing bank) made to the seller (your supplier) on behalf of the buyer (you) to pay a certain amount if documents presented conform to terms of the Letter of Credit within a stipulated time period.
• Secure international payment method
• Guarantees payment to the exporter
• Preferred/secure way of importing goods/items into the country
Value Proposition for clients
• Facilitates your imports
• Documents are handled by the bank ensuring their legality
• Ensures timely delivery of goods by the exporter
• Payment to be made by the bank only upon receipt of compliant documents
• No payment required at the time of placing the order
Extra benefits
• Dedicated SME Desk
• Quick response and speedy approval
• Customer-centric service approach
• Competitive pricing
• Negotiable exchange rates
• Close proximity to your office through our branches network