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Instrumentos

We provide range of financial instruments

Letters of Credit (LC)

A Letter of Credit is a financial instrument used primarily in international trade to provide an economic guarantee from a creditworthy bank to an exporter. Here’s how it works:

Key Elements

  1. Issuing Bank: The buyer’s bank that issues the LC and ensures payment to the seller.
  2. Beneficiary: The seller or exporter who receives the payment.
  3. Applicant: The buyer or importer who requests the LC from the bank.
  4. Terms and Conditions: Specific criteria that must be met for the payment to be processed, such as shipping documents and deadlines.

Standby Letter of Credit (SBLC)

A Standby Letter of Credit (SBLC) is a financial instrument issued by a bank on behalf of its client, guaranteeing payment to a seller if the client defaults on the agreement. It’s often used in international trade to provide reassurance to the seller that they will receive payment even if the buyer fails to fulfill their obligations.

Key Features of SBLC:

  1. Guarantee of Payment: Ensures the seller gets paid if the buyer defaults.
  2. Risk Mitigation: Protects against risks like bankruptcy or insufficient cash flow on the buyer’s part.
  3. Good Faith: Demonstrates the buyer’s creditworthiness and commitment to the transaction.

Would you like more detailed information on how to apply for an SBLC or its specific uses in business transactions?

Bank Guarantee (BG)

A Bank Guarantee (BG) is a promise from a bank that the liabilities of a debtor will be met if the debtor fails to fulfill contractual obligations. It’s a financial backstop used to ensure a party’s obligations are carried out. In essence, if the debtor defaults, the bank covers the loss.

Types of Bank Guarantees:

  1. Financial Guarantee: Ensures the payment of a monetary obligation.
  2. Performance Guarantee: Ensures the completion of a task or service according to the terms of the contract.

Proof of Funds (POF)

Proof of Funds is a document or statement that verifies an individual or entity has the necessary financial capacity to complete a transaction. It’s commonly required in real estate transactions, business deals, and other large financial undertakings to assure the other party that the funds are available and legitimate.

Key Elements of POF:

  1. Bank Statements: Detailed accounts showing available funds.
  2. Certified Financial Statements: Statements verified by a certified accountant.
  3. Securities or Investments: Proof of ownership of stocks, bonds, or other financial assets.
  4. Savings or Checking Account Statements: Recent statements showing the balance in your accounts.
  5. Letter from a Bank: An official letter from your bank verifying the available funds.

Bank Confirmation Letter (BCL)

A Bank Confirmation Letter (BCL) is a document issued by a bank that confirms the existence of a loan or a line of credit extended to a borrower. It’s used to assure third parties, such as sellers or business partners, that the borrower has access to sufficient financial resources to complete a transaction.

Key Features of a BCL:

  1. Verification: Confirms the borrower’s financial capability.
  2. Assurance: Provides confidence to the other party in the transaction.
  3. Non-Transferable: Typically specific to a particular transaction.

Professional credit

Are you self-employed or in a company? Do you need cash? We can help you.

Credit for the self-employed and businesses

Are you looking for financing for your business? Do you need cash? Our specialist professional credit advisors are here to help. 

For what reasons should you apply for a professional loan? 

Even a “successful” business can face temporary difficulties due to lack of cash for various reasons: 

  1. Working capital
  2. Company vehicle(s) and equipment
  3. Investment
  4. Temporary deficit
  5. Debts related to activity (e.g. late social security contributions)
  6. End of year bonuses & holiday pay
  7. Takeover or creation of a business

Information required to apply for a pro loan:

Are you already self-employed? 
  1. VAT number registered in Belgium
  2. Headquarters in Belgium
  3. Last warning extracted from role
  4. Latest accounting balance sheet

Do you want to start a business? 

  1. Accountant’s Financial Plan
  2. Provisional figures

Additional information may be required after reviewing your professional loan application.

At Credit Online, we assess your financial situation and provide personalized solutions tailored to your needs.

Reach out to us for more details!