Trade Services

Stand – by Letter of
Credits and Guarantees

Effective guarantee of third party obligations

Description

Liability issued by an institution in favor of a third party in order to guarantee a client’s obligation to give or do something.

Monex offers certainty, being a bank the one in charge of the commitment to meet the Stand-by letter of credit or guarantee.

In case of payment incompliance on behalf of the client, the bank pays the amount indicated on the Stand-by letter of credit upon meeting the terms and conditions.

Characteristics
  • Stand-by letter of credit and Guarantees issued by Monex are accepted by PEMEX, CFE, SAT and other government entities that so require them.
  • Monex has great experience in establishing serious guarantees and compliance for tenders and performance risks in Mexico and around the world.
  • Should you require a Stand –by letter of credit from a foreign company, Monex is the answer, as it counter-guarantees such liability in Mexico, therefore eliminating country risks.
  • Guarantee payment of our clients’ invoices to their suppliers (recurring operations).

THE SUPPORT YOU NEEDED

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REQUISITES

1

Contact your Account Executive

2

Forward the financial and legal information in order to make an assessment

3

Contracting and compliance of conditions set by the Credit.