Letter of Credit
A SBI Australia Letter of Credit (LC) gives you assurance from the Australian branch of India’s largest bank when dealing with unknown clients across borders. You can be sure that payment will be made as per credit arrangement only after documents are fully received and verified. Alternatively, LC can be opened with 100% Cash Margin or backed by the Letters of Undertaking of the Banks Acceptable to us. SBI Australia can also help you secure your purchases by issuing a Back-To-Back LC to your suppliers with the same terms and conditions as the Master Letter of Credit.
This information does not consider your objectives, financial situation or needs and you should before acting on information consider its appropriateness to your circumstances. Fees and charges will apply and will be provided in the service information.