Business Banking FAQs

Required documents:

• A recent commercial register (not exceeding 3 months)
• Last year's financial statement (if available)
• National IDs from every authorized signatories and partners / shareholders above 10%

If securing an LG against a cash cover: Ensure that the account has enough balance to cover the LG

If securing an LG against a TD or CD: The TD or CD might be assigned from a personal account or the company's account based on customer preference. (Personal account holder should sign the assignment request). The TD or CD should not be assigned to another product.

In case of an unsecured LG: Customers should have approved credit facility from the Bank first to apply for unsecured facilities.Please refer to Credit Facilities section here.

In case of advanced payment, these are the required documents:

• The invoice
• Transfer request should be executed

If the documents are received by the customer, they should be submitted with the IDC request. If not, the bank will contact the customer when the documents are received. (Bank details should be obtained and shared with customer's supplier to be able to send the documents to the Bank).

In case of sight/time IDC:

• Proforma invoice
• Shipment policy
• Form 4 request

The same working day or the next working day.

If it is the first time issuing an LG at the Bank, it could take up to 3 working days. If it is not the first time, it could take up to the next working day.