Standby Letters of Credit

ICICI Bank New York Branch can issue Standby Letters of Credit to stand behind monetary obligations for a number of situations. These include insuring the refund of advance payment, support performance and bid obligations, payment to a supplier, support of workers compensation, and insuring completion of sales or other obligations under the trade contract on your behalf. Standby Letter of Credit issuance is based on credit evaluation meeting the Bank's criteria*.

	Credit enhancement facilities
	Loan guarantees
	Advance payment bonds
	Performance bonds
	Bid bonds

*Due to money-laundering concerns, customers requiring some trade services may be requested for additional documentation/information.