Faster payment for goods, coming or going, from anywhere in the world.

Delays in funding mean loss of productivity and profitability for your company. One way to minimize costly delays is by using a letter of credit. A letter of credit is a document issued by a financial institution that provides assurance of payment—assurance that is recognized and valued by both the domestic and global business communities.

As part of our suite of commercial financial services, we work with traditional banks to obtain Standby Letters of Credit for our customers. A Standby Letter of Credit is a viable solution for:

• Payment assurance for open account transactions and other financial obligations
• Bid, performance, advance payment, and warranty bonds
• Credit enhancements
• Insurance requirements, including workers’ compensation