LC & LG Lifecycle Management

Bankors provides complete lifecycle management for Letters of Credit and Letters of Guarantee—from creation to amendments to closure.

Key Capabilities

• Create & issue — Set up LCs and LGs with applicant, beneficiary, and contract references in minutes.
• Amend with confidence — Extend validity, adjust amounts, change beneficiaries—all tracked with full history.
• Automatic calculations — VAT, bank charges, and margins computed accurately for every transaction.
• Preview before posting — Validate details and journal entries before submission.

Transparency

Every amendment is logged with time stamps for compliance, audits, and stakeholder visibility.