Standby Letter of Credit
A standby letter of credit (SBLC) guarantees the smooth process of buying goods overseas. An SBLC guarantees ultimate payment to an international supplier for recurring orders of merchandise.
Right for you if you want
What you need to apply
Once a standby letter of credit has been issued the bank has committed itself to pay out in case of a claim from the beneficiary. As such it is considered a credit instrument and the same requirements apply as with loans and overdraft facilities.
Your Corporate Account Manager will explain what information to submit in your specific case.
Please see below a checklist of the most commonly required documents*:
* depending on which is applicable in your specific case
Account and service information are just a phone call away.
During business hours (8:00am to 4:30pm AST):
Aruba Bank Contact Center: (+297) 527-7777
For questions regarding the product features and to apply, please call:
Aruba Bank Corporate Account Manager: (+297) 527-7774