Letters of Credit

Letters of Credit (LCs)

While LCs are financial instruments that are used regularly, it is how we implement them, that makes the difference. We use our regulatory expertise and our depth of talent to tailor each LC to meet your unique business requirements, working around constraints like supplier location and trade terms or funding hurdles.

For the exporter
As an exporter, your organisation is guaranteed payment upon meeting the specified terms of delivery in the LC.
For the importer
As an importer, you are assured that payment aligns with LC terms, guaranteeing you receive the goods and services as agreed upon. You can use LCs as a working capital tool in collaboration with your suppliers to finance your imports. These solutions enable you to secure more competitive global funding and maintain the extended trade payable, while paying your suppliers on time as agreed.

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FirstRand Bank Limited (London Branch) UK establishment office (Branch Reg No BR010027), is a branch of FirstRand Bank Limited, a public limited company registered with the Companies and Intellectual Property Commission in South Africa (Reg No 1929/001225/06). FirstRand Bank Limited is authorised and regulated by the South African Reserve Bank’s Prudential Authority. Authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.