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Standby Letters of Credit

International Services | International Payments | Global Trade Finance | Online Services | Resource Center

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An undertaking by a bank on behalf of its Customer that a payment will be made at some future date in the event of a specified occurrence, standbys are commonly issued in favor of suppliers to support the ongoing purchase of goods and in cases where banks are precluded by law from issuing letters of guarantees.

Download the forms you need

Standby Letter of Credit Application (77k, PDF)

Standby Letter of Credit Amendment (34k, PDF)

Features

When a foreign buyer requires a bid bond/tender, advance payment or performance guarantee to support a foreign contract, the issuing bank can structure and issue a guarantee on behalf of the exporter either directly to the buyer, or indirectly through one of our correspondent banks in the buyer's country
Standby letter of credit applications can be completed and transmitted to TD Bank electronically via TD Bank Trade

Benefits

Facilitates exporters conducting business in international markets (tender process and contract completion)

Requirements

The client must have a credit facility in place in order to request that a standby letter of credit be issued
Electronic issuance of standby letters of credit via TD Bank Trade is available at no additional cost above issuance fees, and requires initial setup by TD Bank Global Trade Finance

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Read our frequently asked questions to get more information about our international products and services.

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Contact us with your international banking needs or call one of our Global Trade Finance representatives at 800-937-8226.

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SECURITIES AND INSURANCE
NOT FDIC INSURED	NO BANK GUARANTEE	MAY LOSE VALUE

Securities and other investment and insurance products are: not a deposit; not FDIC insured; not insured by any federal government agency; not guaranteed by TD Bank, N.A. or any of its affiliates; and, may be subject to investment risk, including possible loss of value.

Under federal law, Regulation E (Electronic Fund Transfer Act) provides certain protections to consumer customers when there is unauthorized account activity. Regulation E covers electronic fund transfer activity through a checking, savings, or other consumer asset account at a financial institution used primarily for personal, family, or household purposes. All of the protections provided by Regulation E are incorporated into our Online Banking Agreement.