? Trade Finance
Standard Chartered Nepal — SC Letter of Credit
Compare against 1 other Trade Finance offer on ArthaSathi
Service Charge
0.50%
Margin Requirement
10.00%
Processing Time
3-5 business days
- Validity: 90 days
Key features
- ✓Sight & usance LC facility
- ✓Competitive commission rates
- ✓Dedicated trade desk
Additional details
Documentation required
Proforma invoice, import license, company registration
Compare Trade Finance offers
1 other offer on ArthaSathi, alongside Standard Chartered Nepal.
Standard Chartered Nepal
SC Letter of Credit
Viewing
Charge0.50%
Processing3-5 business days
Frequently asked questions
How long does it take to process a remittance transfer?
Domestic transfers are often instant to a few hours; international remittances typically take a few hours to 2 business days.
What documents are needed to rent a locker?
Usually your citizenship/ID and an active account with the bank; some banks also ask for a passport photo.
How are foreign exchange rates determined?
Rates are set based on the interbank foreign exchange market and updated daily (sometimes multiple times a day) by each bank.
What is a letter of credit used for?
A letter of credit is a bank guarantee used in trade to assure a seller that payment will be made once agreed conditions are met.
Can individuals use trade finance services, or only businesses?
Trade finance is mainly used by businesses and importers/exporters, though some banks offer scaled-down facilities for individuals.