Standby Letters of Credit

ICICI Bank Limited, 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. Issuance of standby Letter of Credit is on the basis of credit evaluation meeting the Bank's criteria.