Letters of credit, built from your contract.
Electronic letters of credit, issued in about 15 minutes once your application is approved.
What you get with T57
- ApplicationWithout T57: Retyped from the contractWith T57: Built from the contract
- IssuanceWithout T57: Days of back-and-forthWith T57: About 15 minutes after approval
- DocumentsWithout T57: Paper presentationWith T57: Digital presentation
TodayWith T57
Finance, escrow and insurance come from licensed partners.
Watch
See it in under a minute
Turn a verified trade into finance offers from licensed partners, tracked to settlement.
T57 solves the slow, paper-heavy letter of credit process by building the LC application from your verified trade record and sending it to partner banks digitally.
The problem
Paper letters of credit: slow and error-prone
The letter of credit is one of the oldest and safest ways to pay for goods across borders, but it is slow. Applications are filled in by hand, documents are couriered between banks, and small differences between the LC and the shipping documents lead to rejections and delays. For food, where goods spoil and prices move, every day spent waiting is a cost. Many smaller exporters and importers avoid LCs altogether and take on more risk instead.
How it works
Apply from the trade → Approve → Issue and present
- 01
Apply from the trade
The LC application is built from the accepted contract and verified counterparties, so terms match from the start.
- 02
Approve
A partner bank reviews the application against the verified trade record and approves it under its own credit rules.
- 03
Issue and present
Once approved, the electronic LC is targeted to be issued in about 15 minutes. Shipping and inspection documents are presented digitally against it.
What makes it different
Built for trust, not just listings
Use case · Illustrative example
Mersin citrus exporter ships to Dammam with an eLC
A citrus exporter in Mersin agrees a contract with a verified Dammam importer for the winter season. The importer applies for an LC on T57, built from the accepted contract. Its partner bank approves the application, and the electronic LC is issued shortly afterwards. The exporter ships with confidence, inspection and shipping documents are presented digitally, and the exporter is paid on compliant presentation.
Why T57
We believe that a safe way to pay should also be a fast one.
Banks decide, T57 connects
Letters of credit are issued by licensed partner banks under their own rules. T57 provides the verified record and the digital workflow.
AI advises, people decide
AI checks documents for discrepancies before presentation. Banks make the decisions.
FAQ
Common questions
What does "15 minutes" mean?
It is the target time for a partner bank to issue the electronic LC after your application has been approved. Approval itself follows the bank's own credit process.
Does T57 issue letters of credit?
No. Letters of credit are issued by licensed partner banks. T57 prepares the application from your trade record and connects you to them.
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