Standby Letter of Credit

Summary: 

A written commitment issued on your behalf in favour of a third party to undertake to pay on demand the amount specified in the guarantee to meet your obligations under a contract signed between yourself and the third party.

The Bank Guarantee / Standby Letter of Credit is only activated if specific events trigger a claim or agreed performance criteria is not met as outlined in the terms of the Bank Guarantee or Standby Letter of Credit.

CTA: 
International Trade Finance
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Features

Amount
  • Minimum: $10,000
  • Maximum: No maximum amount
Interest
  • Interest is not applicable as this is a contingent liability.
Repayments
  • Upon presentation of documents the full invoice amount is payable.
Term
  • Minimum: 7 days
  • Maximum: 180 days (may be longer at Suncorp Bank's discretion)
Security
  • Fully secured facility with multiple forms of security accepted.
Currency
  • Available in multiple currencies

All trade finance facilities are available to approved applicants only and are subject to fees and charges. Terms and Conditions also apply. Risks are involved in utilising foreign currency products and dealing in international trade operations. Independent legal and accounting advice should be sought in relation to the risks involved and the suitability of these products for your specific needs.