Island letters of credit

Documentary letters of credit allow importers and exporters to deal in confidence with one another, secure in the knowledge that payment will be made if the transaction is carried out in accordance with the terms of the letter of credit.

Crucially, letters of credit provide even greater risk protection by carrying the undertaking of the issuing bank or both banks in case of a confirmation. This eliminates country risk, counter party risk and bank risk for you.

Bonds and guarantees

To protect your business against loss in uncertain market conditions, we can help you arrange the most widely used forms of guarantees and bonds. This can help you secure major contracts. Bonds and guarantees support your ability to perform under a contract or meet payment obligations. They may also be used to underpin any bid to win new business. 

We also provide standby letters of credit, which perform a similar function to bonds and guarantees.

As every commercial event is unique, we will work with you to centralise your trade activities and design a suite of guarantee solutions geared to your underlying business flows.

There are no minimum or maximum balance requirements. However you will need to have money held with us to the value of the letter of credit. They are subject to credit approval.

Letters of credit are available in Sterling or Euros.


Available to large corporate clients and financial institutions registered in Jersey, Guernsey or the Isle of Man. 

Contact your Relationship Manager for more details and to discuss fees.

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