12-month letter of credit financing for your raw material purchases
Buyers with a non-cash credit limit at their bank can pre-apply for a 12-month deferred-payment letter of credit. ALSATODE prepares the file and coordinates with the bank; the bank makes the decision.
Subject to bank approval
How it works
Link a quote or product, enter the amount, your declared limit and the maturity start event.
Upload the Findeks report, bank limit confirmation, tax certificate, activity certificate and company documents. The pre-check lists missing items.
A financing expert reviews the file and, with your consent, shares it with the partner bank.
The financing expert prepares the proforma in line with the agreed amount, delivery terms and letter of credit payment terms, and sends it to you on the site.
If the bank approves with conditions and you accept them, the letter of credit is opened.
Important
- ALSATODE is not a bank or lender. Having a limit is not an approval by itself.
- 12-month maturity does not mean 12 instalments. The maturity start (shipment, document acceptance, etc.) is defined in the letter of credit.
- Limits in different currencies are not treated as equivalent automatically.
- Any early payment or discounting to the seller is approved and priced separately by the bank.
- No financing partner, interest rate or commission is announced yet; no approval is promised.
Pre-application documents and letter of credit presentation documents are two separate sets.
Read the full disclaimer