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Process and Payment Structure for the submission and delivery of a Stand By Letter of Credit (SBLC) from EDIB International Limited.


Step 1:


An application is made to EDIB for the opening of an SBLC including but not limited to the following:


  1. SBLC application form.

  2. SBLC indemnity signed

  3. The desired verbiage of SBLC (If none provided EDIB will provide its standard SBLC verbiage).

  4. SWIFT code and address of beneficiary/receiving bank.

  5. KYC and AML documents including but not limited to:

  1. Passport copy of applicant.

  2. Articles of incorporation of applicant company and a brief summary and/or business plan of the underlying transaction.


Step 2:


An EDIB International account manager will review all documents presented and evaluate the acceptability of documents. EDIB then either approves the application or advises the client by email that their application has been rejected.


Step 3:


EDIB International prepares a draft of the SBLC to the client for approval. All drafts shall be in line with rules and regulations governing the issuance of an SBLC.


Step 4:


The client approves the draft and:


  1. Signs a contract agreeing to the terms and conditions of issuance and issuance charges as negotiated.

  2. EDIB issues the invoice for the agreed upon charges.


Step 5:


The client makes payment of charges as per agreed upon.


  1. The client is to provide a copy of payment made to EDIB account.

  2. EDIB will confirm to client credit of funds upon receipt of funds to EDIB account.


Step 6:


EDIB International provides a copy of the final draft to the applicant for final approval of message. Upon approval, given by the applicant EDIB delivers the SWIFT to beneficiary bank coordinates.


Step 7:


Copies of SWIFT are then forwarded to the client via email.


 The following is the procedure for making payment.


  1. Fees are paid before the issuance of each SWIFT message.

  2. If a Pre-advise is needed.  Additional charges will be required.

  3. EDIB will only accept cash payment.  NO ICBO’s or Escrow.

  4. If EDIB fails to deliver the instrument as agreed upon, EDIB shall return the fees paid for that delivery.

  5. If after the pre-advise is issued the client does not proceed to deliver the MT760 SBLC.  The charges for the MT760 SBLC will be returned.  Charges for the pre-advice will stand.



All charges will be agreed upon between client and their account manager and stated in a contract.

EDIB International Conact Us

Tel: 0207 030 3336



25 Canada Square,

Canary Wharf,


E14 5LB

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