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Standby Letter of Credit & Guarantees

Guarantee obligations to third parties with a Standby Letters of Credit

Monex's Standby Letter of Credit is a solid backing for your company in commercial operations, private and government tenders, and international agreements. This financial instrument guarantees the fulfillment of your commercial and contractual obligations to third parties and supports your participation in both domestic and international bids, as well as fiscal obligations and supplier payments, among others. Our Standby Letter of Credit stands out for its standardization, simplicity, and compliance with international practices established by the International Chamber of Commerce (ICC).

Benefits that improve your commercial experience

Guaranteed payment: It ensures payment to the exporter upon shipment with the correct documents.
Expedited financing: It provides refinancing in just 48 hours, allowing the exporters to offer payments in installments to their customers without affecting their cash flow.
Attractive commissions: It offers the most competitive rates and commissions in the market, backed by the quality and reliability of our personalized service.
Specialized consultancy: It eliminates risks with expert advice from our team, facilitating the successful handling of each transaction.
Flow optimization: It offers refinancing so importers can optimize their operating cycle.
International recognition: It reduces risks in international transactions because the Commercial Letters of Credit are regulated by the International Chamber of Commerce (ICC).

Instrument that will leverage your participation in foreign trade

It allows companies to compete in tenders issued by government entities such as PEMEX, CFE, IMSS, among others.
It provides support for clients' fiscal obligations to the Tax Administration Service (SAT).
It facilitates the payment of invoices to suppliers, streamlining commercial processes.
It contributes with efficient shipping processes by supporting the compliance of foreign trade obligations.
It provides certainty and confidence by providing clients with bank support in response to their obligations towards third parties.

Learn about the requisites to apply for a Standby Letter of Credit

Present the financial statements of the last 3 fiscal years, duly audited.
Provide internal financial statements, dated within the last 3 months.
Include legal documents such as minutes, powers of attorney, identifications, among others, to support the operation.
Integrate and sign the credit application form provided by Monex.
Include qualitative details of the company, such as the resumé, presentation, etc.
Specify the conditions of the required Standby Letter of Credit, such as type, amount, currency, and whether it is for import, export, domestic use, term, among others.
Fill out completely and sign both the credit and stand by application forms to set it up.
For the express Standby Letter of Credit, in addition to the above, provide the necessary amount to expedite the process.

At Monex, we provide the security and financial agility that your company deserves. Trust in our experience and ensure the success of your foreign trade operations.