Letter of Credit
Secure Your International Transactions
Reduce risk and build trust in global trade
Guarantee payments & protect your business in cross-border deals
International trade comes with payment risks, regulatory challenges, and trust barriers between buyers and sellers.
A Letter of Credit (LC) is a financial instrument that provides guaranteed payment, ensuring both parties can trade with confidence.
With GoodFX’s Letter of Credit solutions, you can secure transactions, reduce risks, and build stronger trade relationships, all while ensuring smooth and on-time payments.
The Challenge:
Risk and uncertainty in international trade
Risk of non-payment
Buyers may delay or fail to pay after shipment
Lack of trust
Especially in first-time transactions between new trading partners
Cash flow disruptions
Suppliers may require upfront payment, causing strain
Regulatory issues
Different jurisdictions have varying trade laws
The Solution:
Secure, reliable transactions
GoodFX's Letter of Credit (LC) serves as a guaranteed payment method, ensuring that funds are released only when the agreed-upon trade terms are met.
Eliminate Non-Payment Risk
Guaranteed payment upon meeting contract terms
Build Trust with Suppliers & Buyers
Strengthen your important global trade relationships
Faster Cash Flow for Sellers
Receive payments quicker with financial guarantees
Compliance & Transparency
Ensures smooth, dispute-free transactions
Flexible & Customisable
Tailored LC structures to suit your specific trade needs
Who is eligible for a Letter of Credit?
If you deal with new international trade partners or large transactions, a Letter of Credit can protect your business.
How a Letter of Credit works
Buyer Requests a Letter of Credit
The buyer arranges an LC with their bank
Seller Ships Goods
The exporter fulfils the trade agreement as per contract
Documents Submitted & Verified
Seller presents shipping & trade documents
Payment Released
The bank ensures compliance and releases funds
Ensures secure transactions
Payment is only made if contract terms are met
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Protects both buyers & sellers
Reduces trade risk on both sides
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Boosts business credibility
Helps secure larger trade deals
Types of Letters of Credit we offer
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Documentary
Letter of Credit
Ensures payment for delivered goods/services
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Standby
Letter of Credit
Serves as a backup guarantee if the buyer fails to pay
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Confirmed LC
An extra guarantee from a second bank, adding security for sellers
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Revolving LC
Useful for businesses that require repeated transactions under one LC
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Transferable LC
​Enables intermediaries (such as traders) to transfer part of the credit to suppliers
Making an impact with every transaction
​At GoodFX, we go beyond payments. We’re a B Corp-certified company, committed to economic inclusion and social impact.
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1/3 of our profits are donated to your chosen charity – at no cost to you
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That supports refugee education and financial inclusion initiatives
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Receive impact reports and PR materials for your ESG reporting
