Documentary Credit
The fast, efficient way to manage your letters of credit
Letters of Credit is a fast, secure online module of our LOTS service that optimises the handling of these widely-used trade documents. It allows you to deal with both import and export letters of credit – initiating and processing import letters and giving online access to export letters for beneficiaries. You can view full details online and manage all change requests and necessary amendments in moments. The system also provides calendar, tracking and audit abilities – and allows for the issue and receipt of standby letters of credit should these be required.
The key benefits
- Initiate import letters of credit online, submit them to us for processing and then amend them as necessary. Data entry errors are highlighted before submission.
- Access your export letters of credit, direct from us and monitor and approve any changes or amendments.
- Electronically issue or accept standby letters of credit with the same monitoring and change request abilities as standard letters.
Features and benefits
- Initiate and manage import letters of credit as and when it suits you.
- View all pending import letters of credit together, and download information from previously issued letters of credit if required.
- Create standard templates for repeat import letters of credit.
- Send us online messages concerning the terms and conditions of export letters of credit.
For further information on Lloyds Online Trade Services:
Talk to your relationship manager.