Standby Letters of Credit
Learn how SBLCs can enable your success.
- High credit ratingsfootnote3
- Local advice in the U.S. from dedicated, U.S.-based product specialists and our Los Angeles-based operations team
STANDBY LETTERS OF CREDIT
Help drive growth with SBLCs
Bank of the West issues contract and financial Standby Letters of Credit (SBLCs)footnote1 that can help your business gain a competitive edge and drive growth. Bank of the West and BNP Paribas’s well-coordinated trade network supports your business with operational and pricing efficiencies for the issuance of SBLCs.
Advantages of our SBLC issuances
When it comes to SBLC issuances, Bank of the West and our parent company,
BNP Paribasfootnote2 differ from our competitors in critical ways:
- Global reach through the BNP Paribas network spanning 68 countriesfootnote4
- Ability to accommodate large SBLC amounts by building a syndicate and issuing the instruments on behalf of the syndicate
Contract SBLCs and Financial SBLCs
Contract SBLCs
Contract SBLCs can be core enablers of commercial success when your business competes for a contract, and can be used to secure your bidding process, advance payments, or contract performance and warranty obligations toward your clients.
Financial SBLCs
Financial SBLCs can secure a financial obligation and be a credit substitution tool that can benefit your business operations. They are often needed in situations including bond issuance enhancement, insurance premium payments, lease/rental payments, and tax/customs payments or disputes.
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