For traders who don't hold stock themselves — we structure a back-to-back letter of credit arrangement so the LC you receive from your buyer funds the LC you need to issue to your supplier.
Back-to-back trade finance is built for intermediary traders: you've secured a sale contract and an incoming LC from your buyer, but you need to open a second, separate LC to your own supplier to fulfil it. We structure both instruments so their terms, timelines and documentation align — the most common point of failure in back-to-back arrangements.
Trading houses moving goods between a supplier and end buyer without ever taking physical possession.
Businesses sourcing from one country to fulfil a contract in another.
Traders working on the spread between purchase and sale price, where capital tied up in the deal needs to stay minimal.
We review the incoming LC from your buyer to confirm it can realistically support a back-to-back structure.
We structure the supplier-facing LC with terms, tolerances and deadlines that stay inside the master LC's requirements.
We coordinate with the issuing bank on both instruments to keep them aligned as the transaction progresses.
We manage the document substitution step at presentation — where your invoice replaces your supplier's — through to final settlement.
The two instruments have to stay tightly aligned in timing, quantities and documentation — a mismatch on either side can leave you unable to close the loop. That alignment is the core of what we structure.
Sometimes — a transferable LC can be simpler if your buyer's issuing bank allows it. We'll assess which structure fits your specific contract.
Send us the master LC terms and we'll assess whether a back-to-back structure fits.
