Security may be required. Product fees may apply. Over 18s only. Subject to status, business use only. Any property or asset used as security may be repossessed or forfeited if you do not keep up repayments on any debt secured on it.
A letter of credit is an irrevocable undertaking by a bank on behalf of the buyer to make payment in favour of a seller provided the documents presented comply with Letter of Credit terms and conditions.
Secure method of settlement
Reduce the risk of non- payment for delivered goods
Once Issued are legally binding
Irrevocable and cannot be cancelled unless all parties agree
Great, thanks for choosing Letters of Credit. If your Relationship Manager has confirmed you have a credit line in place to support this facility, apply online with our simple application form below.
Alternatively, if you’re a new customer with an annual turnover of less than £2 million, you can give us a call on 0345 050 0693. If it’s over £2 million, call us on 0345 050 0695.
Customers with hearing and speech impairments can contact us by using our Relay Service: 18001 0345 050 0693 if your turnover is less than £2 million and 18001 0345 050 0695 if it's over £2 million.
For more information on accessibility visit: https://www.business.shostra.com/business/accessibility.html
Calls may be recorded for training and monitoring purposes.
To see how much your call might cost, visit the call charge information page.
Bonds & guarantees, and standby letters of credit, provide companies with additional protection in respect of their business or customers, performance or financial obligations. We can issue guarantees on your behalf or receive and validate guarantees issued by other banks in your favour.
Documentary collections provide a secure way to make and receive payments during international trade.
Trade Loans tailor loans to a specific contract(s) and cover the funding gap between you paying your suppliers and being paid by your customer. They allow you to repay the loan when your customer pays you and are available to businesses with a turnover of over £2m.
To compare all of our Trade Finance products, see our Trade Finance Homepage
Help protect against the impact of exchange rate fluctuations and the risk of not being paid
Our secure online platform lets you manage your international trade transactions from anywhere, 24 hours a day
