Stand By Letter Of Credit/Bank Guarantee

A standby letter of credit is a document issued by a bank. This document serves as a guarantee: the bank promises to pay a “beneficiary” if something fails to happen.

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Usance Letters of Credit

Usance refers to the utilization of economic goods to satisfy needs. In manufacturing, “usance” means “inputs.” It is used in “usance bills.” This terminology is used in banks in India, when dealing with forex.

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POF/Pre Advise/RWA Messages

In letters of credits, at the request of an applicant, the issuing bank may give a pre-advice/POF/RWA of issuance and/or amendment of the letter of credits. A pre-

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About Us

Above all, we believe that real change is possible and that tomorrow doesn’t have to be like today.

Elix-irr Consulting Services SA Ltd specializes in sourcing trade finance, and arranging funding for export & import transactions on behalf of our clients worldwide. We can assist with any company’s international trade finance needs by providing documentary Letters of Credit to match with Corporate cash flow requirements.

Our company can open letters of credit to fulfill inventory financing needs for large and small purchase orders through our purchase order financing scheme, and to provide an enhancement to current banking arrangements.


staff on three continents


consulting engagements


learning community members
Elix-irr Consulting Services SA Ltd

We look forward to doing great things with you
anywhere in the world.

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