Product Detail

A Standby Letter of Credit helps your company source by providing SCB's guarantee of payment to your vendor if the contractual obligations are met.

SCB guarantees payment to your vendor

Increases your business opportunities

•     Good financial history

•     Business track record. (Number of years depends on type of business.)

Document Required

Certificate of Registration

Certificate of Registration, Memorandum of Association and List of Shareholders

Financial statements

Financial statements audited by certified public accountant

Copy of ID card

Copy of ID card and house registration of the authorized person

Summary statement

Summary statement of core banking transactions for past six months

Letter of consent

Letter of consent for SCB to check credit information

Financial Amount Objective

Please provide detail and objective for your request

Proof of ID

Acceptable primary proofof identity includes, but is nolimited to, original.

Proof of address

A document issued by a government department that shows your address.

Proof of income

Providing details about your employer as well as how much money you made in a given pay period.

                       The consideration is in line with the Bank's guidelines.