Letters of Credit
Interest RatesIn today’s global market place, financial institutions face significant risks in managing their trade activities. GTBank UK has a wealth of experience to deliver a complete range of services for both importers and exporters. Our diverse team of trade finance professionals is well versed in the intricacies of trade transactions, particularly letters of credit and bills for collection, with an emphasis on trade between the UK, the EU and West Africa.
We offer the following services to our clients:
Export letters of credit
We advise and confirm letters of credit to beneficiaries in the UK, in Europe and indeed anywhere in the world. Documents presented are checked in our London office by our team of experienced and qualified staff. We are also happy to act as reimbursing bank for correspondent bank partners.
Import letters of credit
For corporate customers who have, or would like to have, an appropriate facility with us, we are able to open letters of credit in favour of your suppliers anywhere in the world.
Back-to-back letters of credit
Subject to a facility being agreed, we may be able to assist our customers who wish to offer us a letter of credit issued in their favour as security for a separate letter of credit to be issued in favour of their suppliers.
