Notice. Advisory and arranging services only. We are not a bank or a guarantor. Outcomes depend on KYC/AML, issuer approvals, document quality, controls, collateral where applicable, and definitive documentation.
Usance LC Issuance & UPAS Structuring
Pay suppliers at sight while your company pays at maturity. Usance LC and UPAS programs tailored to your trade cycle, with issuing and confirming banks onboarded and document mechanics set to pass examination.
Tenor 60–360 days. Minimum ticket USD 5m. Facility set up fee USD 59,500 and a 2.5% success fee at issuance. Third-party costs pass through.
Open Client IntakeOn This Page
Scope Of Services
Structuring & Underwriting
- LC text drafting compliant with UCP600 and usance terms
- UPAS design so suppliers receive at sight and buyers pay at maturity
- Financial covenants, collateral where required, and draw mechanics
Bank Syndication & Terms
- Issuing bank selection plus confirming bank options
- Tenor, pricing grid, confirmation, and country limits
- Revolving limits, shipment schedules, and roll features
Closing & Oversight
- Conditions precedent, approvals, and legal opinions
- Presentation checklists and discrepancy management
- Amendments, extensions, and renewal cadence
Use Cases And Rules
Typical Use Cases
- Import programs requiring 90–180 day terms without straining cash
- UPAS for commodities, industrials, and capex shipments
- Supplier pre-shipment comfort via confirmation or silent confirmation
- Frameworks for rolling monthly or quarterly shipment cycles
Governing Rules
- UCP600 for documentary LCs
- Incoterms 2020 alignment for document sets
- Bank policy on confirmations and country ceilings
- Sanctions and KYC controls across all parties
Issuer rating, confirmation, tenor, shipment profile, and LC wording drive final pricing and conditions.
Eligibility And Data Room
Baseline Profile
- Operating company with audited or reviewed financials
- Defined supply contract and shipment schedule
- Board approval for facility and security where applicable
- Clear compliance posture and sanctions screening
Core Documents
- Draft LC text, pro forma invoice, and logistics plan
- Corporate KYC pack and latest financial statements
- Supplier details and confirmation preference
- Any collateral package and intercreditor requirements
Checklist issued at intake. Underwriting starts when core items are complete.
Indicative Parameters
| Facility Size | USD 5m to USD 500m per program, subject to approvals and limits. |
| Tenor | 60–360 days. Longer case by case with confirmation. |
| Confirmation | Added or silent confirmation available to elevate settlement certainty. |
| Pricing Inputs | Reference rate plus issuer margin, confirmation fee, documentation and counsel, SWIFT and courier costs. |
| Security & Controls | Assignment of proceeds where relevant, account control or escrow, delivery and presentation controls. |
| Documentation | Facility agreement, LC terms, confirmations, legal opinions, CP schedule, and operating procedures. |
Illustrative only. Final terms are set by the issuing and confirming banks after underwriting and approvals.
Execution Approach
Workstreams
- LC text design and issuer engagement
- Confirmation options and route to issuance
- Diligence, approvals, and documentation
- Issuance, presentation readiness, and monitoring
Risk Controls
- SWIFT verification and document examination standards
- Account control and escrow where required
- Tripwires for amendments, extensions, and discrepancies
Send the draft LC text, supplier details, desired tenor, shipment plan, and confirmation preference. We will revert with a route to issuance and conditions to close.
Open Client IntakeFAQ
Do you issue LCs yourselves?
No. We act as advisor and arranger. LCs are issued by regulated banks. Confirmations are provided by approved banks.
What is UPAS and when is it used?
UPAS means payable at sight. The supplier is paid at sight while the buyer pays at maturity. It fits 90–180 day trade cycles and supplier comfort needs.
Is confirmation mandatory?
Not always. It depends on issuer, country risk, tenor, and supplier requirements. Confirmation can improve acceptance and shipment timing.
Which costs should a buyer expect?
Issuing bank margin and fees, confirmation fee if required, legal and documentation costs, and operational charges such as SWIFT and courier.
How fast can issuance be completed?
With a complete pack and pre-agreed text, issuance can be scheduled on the bank calendar. Timing depends on approvals and compliance checks.
Disclosures. FG Capital Advisors provides advisory and arranging services. No guarantee of approvals, pricing, timing, or capacity. All proposals are subject to eligibility, documentation quality, counterparty approvals, and controls.
