We offer Letters of Credit, Standby Letters of Credit, Bank Guarantees, Bonds, and other SWIFT services. For more details, please check our product page.

The processing time depends on the type of product, applicant requirements, drafting and the applicant and beneficiary country’s time zone delays.

Issuance of instrument typically takes upto 5 banking days due to relay, transmission of instrument and approval by the Corresponding banks.

Your bank typically requires cash, collateral, or security to open a line of credit for obtaining a Letter of Credit or a Bank Guarantee. This means your assets will be pledged to the bank and will be tied to the specific transaction.

In contrast, with Core Trade Finance Ltd, there is no need to pledge your assets or provide any cash collateral we got you covered. 

Yes, we specialize in providing Bid Bonds, Performance Bonds, and Advance Payment Guarantees for construction and service providers.

Many companies with relevant field experience are eager to participate in government tenders but may lack the assets or line of credit needed. Our products help bridge this gap, enabling them to take part in important tenders.

Our due diligence process includes collecting the following documents:

• KYC (Know Your Customer)
• Executive summary, company profile and website of the applicant. 
• Incorporation details
• Mainshareholder or Director’s country ID
• Shareholder pattern
• Latest Income Tax Return (ITR)
• In some cases, a 3-month bank statement

Due diligence is conducted during the application process to ensure compliance and assess the reliability of the applicant.

A Letter of Credit (LC) is a trade finance instrument used in domestic and international trade to provide payment assurance between a buyer and a seller. It helps reduce commercial risk by ensuring payment is made once agreed trade documents and conditions are fulfilled.

A Letter of Credit is important because it builds trust between trading parties located in different countries. It protects exporters from non-payment risks while giving importers confidence that payment will only be released according to agreed terms and documentation.

Letters of Credit are commonly used by:

The most common types include:

A Sight LC triggers payment immediately upon presentation and acceptance of compliant documents. The validity period is relevant to the seller, who uses it to fulfil the order and submit shipping documents to the bank. For the buyer, the validity period under a Sight LC is not a practical concern.

A Letter of Credit works through a structured process involving:

Industries frequently using Letters of Credit include:

A Standby Letter of Credit (SBLC) is a financial instrument used to guarantee payment or performance obligations between parties. It acts as a safety mechanism in case the applicant fails to fulfil contractual or financial commitments.

The primary purpose of an SBLC is to provide financial assurance to the beneficiary. It helps reduce commercial risk and increases confidence between parties involved in a transaction or contract.

A commercial Letter of Credit is mainly used as a payment mechanism for trade transactions.

SBLCs are commonly used by:

Common SBLC types include:

A Performance Guarantee or Performance SBLC guarantees that a contractor or supplier will fulfil agreed contractual obligations. If the applicant fails to perform according to contract terms, the beneficiary may invoke the SBLC subject to its conditions.

An Advance Payment Guarantee protects the buyer or project owner when advance funds are released to a contractor or supplier before work or shipment begins.

Industries commonly using SBLCs and guarantees include:

SBLCs help improve trust, reduce commercial risk, and support high-value cross-border transactions. They provide financial confidence between parties operating in different countries and business environments.

An RWA (Ready, Willing and Able) Letter is a document issued to confirm that a company or party is prepared, capable, and financially positioned to proceed with a transaction or commercial engagement.

The purpose of an RWA Letter is to demonstrate commercial seriousness and transaction readiness between parties. It helps establish confidence during negotiations and may support preliminary transaction discussions before formal agreements are executed.

RWA Letters are commonly used by:

No. An RWA Letter is generally not considered a payment guarantee or financial instrument. It primarily serves as a declaration of readiness and intent to proceed with a transaction.

A Bank Capability Letter is a document intended to demonstrate that a client has banking support or financial capability for a proposed transaction.

A Bank Comfort Letter (BCL) is a document issued to provide confidence regarding the financial standing or banking relationship of a client involved in a transaction.

The purpose of a BCL is to demonstrate banking support or financial credibility for a proposed transaction. It helps counterparties assess commercial confidence before proceeding further.

No. A Bank Comfort Letter is not a payment instrument and does not function like a Letter of Credit.

A POF demonstrates the existence of funds or financial capacity.

Yes. These documents are frequently used in international trade negotiations and transaction structuring to improve commercial confidence between parties operating across different jurisdictions.