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 pay when that party satisfies the terms of the standby letter of credit. The language in such a standby letter of credit can be complicated, and California Bank & Trust's International Banking professionals will work with you to help 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 use these services, download these forms. Or contact an International Banking Trade Finance Specialist for more information.
Application for Standby Letter of Credit
This form is to be used by an Applicant (buyer) when applying to CB&T to issue a Standby Letter of Credit.
Application for Amendment
This form is to be used by an Applicant (buyer) when applying for CB&T to amend an issued documentary Letter of Credit.
*Subject to credit approval. Terms and conditions apply. Contact a banker for details.