Lloyds Bank is enabling corporate customers to request digital Guarantees or Standby Letters of Credit under a new 'Paperless Guarantee' initiative.
The paper-free suite has been developed to support businesses who have a high volume of transactions requiring bank guarantees to be issued, promising instant delivery to recipients and operational and cost savings.
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Posted on Oct 9, 2023 Region: UK
trade finance ETDA, LOC, guarantees, digitalisation, working capital, Lloyds Bank, Gwynne Master
