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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. Our Trade Services Terms and Conditions are available here.
Why use a Letter of credit?
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
Letters of credit in detail...
Request new Letter of Credit
To request a Letter of Credit you must be an existing RBS Business Customer. Please contact us if you are not an existing business customer
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Amend existing Letter of Credit
Whether you need to amend the amount, expiry date or date of latest shipment, you can do so quickly and easily by filling out our amendment form below.
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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.
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Documentary collections provide a secure way to make and receive payments during international trade.
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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.
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Managing risk
Help protect against the impact of exchange rate fluctuations and the risk of not being paid
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Max Trad
Our secure online platform lets you manage your international trade transactions from anywhere, 24 hours a day
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Trade Finance Portal
Our new online platform lets you manage your domestic and international trade transactions effectively.
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