Business Standby Letter of Credit
STANDBY LETTER OF CREDIT
Get peace of mind when you make payment to
beneficiaries.
Highlight & Benefits
Rates & Charges
Document Requirement

Highlight & Benefits



Standby Letter of Credit

 

Confidently reassure your trade partners with an authenticated Bank Guarantee or Standby Letter of Credit. These documents are issued by RHB, and act as a secondary payment mechanism to the beneficiary in case you are unable to fulfil contractual terms of the trade agreement.

 

A Standby LC (SBLC) is one, which is issued to cover non-performance. It is an undertaking that a sum of money will be paid to the beneficiary in the event of non-performance.

 



Standby Letter of Credit

 

Confidently reassure your trade partners with an authenticated Bank Guarantee or Standby Letter of Credit. These documents are issued by RHB, and act as a secondary payment mechanism to the beneficiary in case you are unable to fulfil contractual terms of the trade agreement.

 

A Standby LC (SBLC) is one, which is issued to cover non-performance. It is an undertaking that a sum of money will be paid to the beneficiary in the event of non-performance.

 

Rates & Charges

Payment of Local LCS Issued By The Bank

 

Local LC in SGD
1/8% on bill amount, Min S$90 or equivalent
 

Local LC in Foreign Currency

Payment in SGD

1/8%, Min S$90

Payment in Foreign Currency

1/8%, Min S$90 +1/8% in lieu of exchange Min S$80 or US$60

Documents Requirement

Express Banker’s Guarantee Form

Download  
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Personal Premier Business Asset Management

90 Cecil Street
RHB Bank Building, Level 1
Singapore 069531

CALL CENTER
1800 323 0100
 

DOWNLOAD RHB REFLEX

© 2023 RHB Banking Group. All rights reserved.