Letters of Credit
The obligation of the Bank to make payment to the beneficiary
Benefits
Minimum package of documents
Low tariffs
Advising
Conversion of covered letter of credit to an uncovered letter of credit and vice versa
Issuance of confirmed letters of credit
Issuance, execution, advising, confirmation
Covered letter of credit
(100 % cash cover)
Uncovered letter of credit
(availability of credit line or collateral)
Partially covered letter of credit
(both cash cover and credit line/collateral in the amount required by the Applicant)
If the Beneficiary needs confirmation of the letter of credit (first-class or any other bank), JSC Halyk Bank will provide you this service using its wide network of partner banks throughout the world
How to apply
1
Current bank account
2
Open L/C in the bank
3
Submit application offer or conclude L/C service agreement
LC*
Issue of cash covered / uncovered letter of credit – 0.2% (min. 16 500 tenge/max. 165 000 tenge).
There is an additional commission for cash covered letters of credit in EUR.
*Learn more about tariffs here