Standby Letters of Credit
The Standby Letter Of Credit is a way
for you to assure payment to a third party through the bank's obligation
to release funds when that party satisfies the standby letter of credit
terms. The language in such standby letter of credit can be complicated,
and California Bank & Trust's international experts will work with
you to protect your interests by providing the proper terminology and
safeguards.
We will work with you to assure that the terms of the Standby Letter of Credit reflect the negotiations of the parties. A Standby Letter of Credit can be used for many purposes, including a bid bond, performance bond, or support for a loan or unpaid invoices made on an open account purchase.
CB&T is experienced in issuing Standby Letters of Credit, and has issued these instruments for a wide variety of purposes, domestically and internationally.
To download the pdf documents to your drive, right click on the document and/or file name and select “save target as.”
| Application for Standby Letter of Credit
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Letter of Credit Security Agreement
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| Application for Amendment
This form is to be used by an Applicant (buyer) when applying for CBT to Amend an issued documentary Letter of Credt |
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For more information, e-mail us at IBGInfo@calbt.com or contact your nearest International Trade Finance Officer.
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