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How to Request for an Export Letter of Credit from MT700 Print

Note: User permissions should be in place to initiate an Export Letter of Credit. If not, contact your Corporate Administrator.

Step 1: Click on Trade Services > Export Letter of Credit 

  • From iTrade Dashboard, select Trade Services from the main Menu, and click on Export Letter of Credit


Step 2: Click on Request Export LC from MT700

Step 3: Input transaction details in each section of the Export Letter of Credit online application form. Fill out all the mandatory fields marked with a red asterisk.

Tips: Click on Next or Previous to navigate to the next or previous section or you can navigate to any section from the left pane.


Step 4: Fill in the General Details

Customer ReferenceEnter the name for use within your company, for the LC you are creating.
Entity Select Entity from the drop down.
Advising Bank NameThe Advising Bank Name will be filled automatically.
Issuer's ReferenceThe Issuer Reference will be filled automatically.

Step 5: Upload MT700/MT701

Step 6: Attachments

File UploadUpload supporting files either by 'Drag and Drop' method or by 'Browsing' to the file location. You can attach up to 5 the supporting documents of size 5 Mega Byte each. The file types supported are PNG, JPEG, JPG, RTF, CSV, XLS, XLSX, DOCX, TXT, DOC, PDF, GIF, ZIP. Samples of files you can upload are Proforma Invoice, Specimen Signature, etc.
BrowseBrowse button and Drag and Drop field, which you can optionally use to attach a file from your local hard disk to give additional details pertaining to this Letter of Credit.

Step 7: Confirm transaction details in the Preview section. For adjustments, navigate to the appropriate section and update the details.

Step 8: Once completed, click on Submit and you will receive an acknowledgment if the request has been successful.

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