You most likely have a situation involving a letter of credit. We talk a lot about letters of credit here on the Jigsaw site, so that our clients understand more about various LC processes. More importantly, we act, or we help you to act.
We have a number of LC-related capabilities, including, but not limited to:
getting suppliers paid against an incoming documentary letter of credit where you’re the beneficiary (back to back LC or its simpler equivalent)
issuing a letter of credit to pay a supplier against a purchase order from a credit-qualified customer
issuing a documentary letter of credit to pay for goods where you have capital to pay for goods but don’t want to tie it up for the lead time your supplier needs to produce the goods
getting supplier paid at sight against an incoming usance (delayed settlement) letter of credit, often necessary to complete deals for buyers in developing countries
assisting you in structuring a deal properly — a surprising number of people strike deals assuming the finance side will magically work out and are then astonished to find it’s not quite so easy.
Dealing with Standby Letters of Credit, from issuing SBLC’s for credit enhancement, to reviewing and monetizing SBLC’s in certain cases, subject to careful review.
Please take a brief moment to leave your email address with us. If you're like most hit and run web visitors, you'll forget about Jigsaw pretty quickly. We would be sad, and you would never know what you missed.
If you leave your email, you'll get an occasional (once every three or four weeks) email from us covering points of interest for people who deal with LC's. It won't hurt a bit. And it may give you ideas that will improve your business efforts; new ideas cross our desk frequently.
If you have a trade situation that requires assistance, we may be able to help. Mention your interests or needs, and we'll respond. We know that not all banks are responsive to client needs; in some cases, we can solve your LC-related banking problem.
Thanks for stopping by, and please open a line of communication with us. You'll hear from us, but not too much.