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eStandby Letter of Credit Application        Return to eTFP

BOA + LCI + Data = LSAPL

Standby Letter of Credit Application

The Standby Letter of Credit Application is prepared by the buyer and given to his bank for the application for and subsequent issue of a Standby Letter of Credit.  The buyer becomes the applicant and the seller becomes the beneficiary of the Amendment.  The buyer’s bank is the issuing bank, and the seller’s bank is the advising bank.

eStandby Letter of Credit Application Trade Function

The eStandby Letter of Credit Application (LSAPL) is the electronic document equivalent of the Standby Letter of Credit Application.  It is created using the same information generated by the buyer.  It is used for electronic application for issue of a Standby Letter of Credit.