Frequently Asked Questions
Our products & Services are,
1. Bonds
(a) Bid bond (b) Performance bond (c) Advance payment bond (d) Rental bond (e) Warranty bond (f) Indemnity bond etc.
2. Bank Guarantee
(a) Tender guarantee (b) Performance guarantee (c) Advance payment guarantee (d) Rental guarantee (e) Warranty bond, etc.
3. Letter of Credit
(a) At Sight LC (b). Usance LC (c) Standby Letter of Credit (SBLC)
4. SWIFT Services
(a) Ready willing and able letter (RWA), (b) Proof of funds (POF) (c) Comfort letter (BCL), and Other services.
Depends upon the type of product applicant requirements and the country’s time zone. Our regular transactions period closes within 2 working days, For some cases, we process within 24hrs.
We will be able to offer Sight LC since STFL only processes documents against payment. We don’t do documents against acceptance because of banking restrictions and hazards. However, we do send LC an acceptance note; contact us for further information.
Your asset will be accountable with your bank and will be restricted to the specific transaction if your bank demands collateral or a security to open a line of credit, obtain a letter of credit, or obtain a bank guarantee.
In contrast, STFL does not need you to pledge any assets or provide financial collateral.
Yes, we do sell our products from reputable banks, credit insurance providers, and other financial institutions.
Instead of offering interest rates, we offer issuance rates. The costs we charge are entirely dependent on the instrument’s issuance and can change depending on the issuing institution.
Yes, the bid bond, performance bond, and advance payment guarantee for construction and service providers constitute the majority of our well-known goods.
Even if participants have appropriate field experience but lack the necessary assets or credit lines to engage in a significant procurement, many organizations are still prepared to participate in government tenders.
We provide our services worldwide, excluding the sanctioned nations.
Our underwriting and due diligence team is outstanding, all of our products are asset-backed, and the institutions we partner with have S&P, Fitch, and Moody’s ratings.
Our banks and institutions cover default.
We need your KYC, incorporation information, director’s national identification number, shareholder pattern, most recent ITR, and three months’ worth of bank statements for due diligence.
During the application procedure, due diligence will be completed.