Standby Letter of Credit
A standby letter of credit (SBLC) guarantees the smooth process of buying goods overseas. An SBLC guarantees ultimate payment to an international supplier for recurring orders of merchandise.
Once a standby letter of credit has been issued the bank has committed itself to pay out in case of a claim from the beneficiary. As such it is considered a credit instrument and the same requirements apply as with loans and overdraft facilities.
Your Corporate Account Manager will explain what information to submit in your specific case.
Please see below a checklist of the most commonly required documents*:
* depending on which is applicable in your specific case
Sales & Customer SupportAccount and service information are just a phone call away.
During business hours (8:00am to 4:30pm AST):
Aruba Bank Contact Center: (+297) 527-7777
For questions regarding the product features and to apply, please call:
Aruba Bank Corporate Account Manager: (+297) 527-7774
Sign up for Text Banking and inquire or receive regular updates on your current balance while on the go by simply using your mobile phone