Standby Letter Of Credit

Access Standby LC through established banks and trusted liquidity providers. Our team of highly qualified professionals will make sure the process is as smooth and efficient as possible. Let us handle the funding aspect while you focus on running your business. The majority of our client’s deals get funding within less than 5 weeks.

Financial Instrument Lease Rate Issuing Banks Retainer Fee Broker Commission Closing Time Minimum Face Value Margin Requirement
Standby Letter of Credit ±4.65% ADV Top 50 ±2.00% 0.25% 4 To 7 Weeks US$10 Million ±20%

Onboarding Process

Request a quote on our website pay the application fee and we will issue a quote within 3 business days.

Once you approve the quote, countersign the contract and deposit the retainer for us to begin fundraising.

  1. Finance Octave hires the lead arranger & book runner to complete the debt offering.
  2. Once the funds are raised, the debtor’s newly established SPV can apply directly with the issuing bank to obtain the Standby LC, using the raised capital as collateral.

Benefits of working with Finance Octave

 Access to our global network of expert trade finance professionals to help you get your letter of credit processed quickly and efficiently.

 

 We provide expertise in all aspects of trade finance, including Documentary-, Usance- & standby letters of credit, invoice factoring, foreign exchange, proof of funds, advance payment guarantees and more.

 The whole fundraising process is handled on your behalf.

This includes; offering documents, SPVs, bank account opening, hiring the investment banks & underwriters.

All our solutions are engineered to fit each individual customer’s needs.

Our team has over 20 years of experience, and we’ve helped hundreds of companies to grow their business.