Guide

Application Submission

1A. The client submits an application, Proforma invoice, or Standby Letter of Credit (SP) to the issuer. 1B. The issuer reviews the application or invoice for completeness and accuracy.

Draft and Invoice Provision

2A. The issuer provides the client with a draft instrument and an issuance fees invoice. 2B. The client reviews and confirms the draft instrument.

Fee Payment and Due Diligence

3A. The client wires the issuance fees to the issuer as per the invoice. 3B. The client submits required due diligence documents, including:

• Certificate of Incorporation
• List of shareholders/directors
• Passport copy of a listed director
• Approved LC draft signed by the client

Instrument Release

4A. The issuer reviews the due diligence documents for completeness and accuracy. 4B. The issuer releases the instrument for issuance.

SWIFT Issuance

5A. The bank issues a SWIFT message within 24-72 hours. 5B. The issuer receives confirmation of SWIFT issuance.

Fee Payment and Due Diligence

6A. The issuer emails a copy of the SWIFT message to the client. 6B. The client confirms receipt of the SWIFT copy.