From Application to SWIFT in Hours
Quick LC enables businesses to apply for, review, and issue domestic and import Letters of Credit through a fully digital workflow. Collaborate with suppliers on a pre-validated draft before issuance, submit complete applications to the bank, and receive SWIFT confirmation without paper-based processes.
Why businesses use Quick LC
Faster LC issuance
Submit, review, approve, and issue Letters of Credit through a single digital workflow, reducing processing time from days to hours for eligible transactions.
Collaborate before issuance
Share a pre-validated LC draft with suppliers before issuance to confirm documents, shipment terms, dates, and other conditions. Resolve differences before the LC is issued, reducing amendments later.
Fully digital workflow
Manage applications, amendments, approvals, document submission, and status tracking through a single online platform without paper forms or branch visits.
Simplify repeat transactions
Save supplier details, document requirements, and preferred LC terms as reusable templates for recurring trade relationships.
Letter of Credit issuance remains a manual process.
Many LC applications still depend on paper forms, repeated data entry, and manual communication between applicants, banks, and suppliers. Errors and post-issuance amendments increase processing time and operational effort.
Amendments after issuance
Suppliers often review LC terms only after issuance, resulting in avoidable amendments, additional costs, and shipment delays.
Repeated data entry
Manual completion of application forms increases the likelihood of validation errors and incomplete submissions.
Paper-based compliance
Declarations and supporting documents are frequently prepared manually for every application despite containing largely repetitive information.
Limited visibility
Applicants often have limited insight into application status and depend on manual updates from the bank.
Repeating the same work
Recurring trade relationships require the same information to be entered repeatedly across multiple applications.
Why businesses choose Quick LC
Faster issuance
Complete the application-to-SWIFT process within a business day for eligible, limit-backed Letters of Credit.
Reduce amendments
Align terms with suppliers before issuance to reduce post-issuance amendments and associated delays.
Eliminate paper processing
Submit applications, approve documents, request amendments, and monitor progress digitally.
Improve application quality
Use pre-filled templates, field validation, and automatically generated declarations to reduce incomplete applications and processing delays.
Increase operational efficiency
Reuse supplier templates and standardized LC structures across recurring transactions.
Proven results
Everything you need to issue an LC digitally
Reusable LC templates
Create organization-wide templates containing supplier details, advising bank information, document requirements, Incoterms, tolerances, and standard LC terms for recurring transactions.
Supplier draft collaboration
Generate a pre-validated LC draft, share it with suppliers for review, and record agreement before issuing the operative credit. Compare draft and final versions through a complete change history.
Automated declarations
Generate required declarations automatically from application data, ensuring consistency between supporting documents and LC content.
Digital amendments
Submit amendment requests online with automated validation, version history, redline comparison, and MT707-ready preparation.
Real-time tracking
Track every stage of the application through issuance. Receive SWIFT confirmations, shipment updates, and document notifications within the same workflow.
How it works
- Beneficiary
- Acme Corporation Ltd
- Amount
- USD 240,000.00
- Goods
- CNC machine tools
- Incoterm
- FOB Hamburg
- 31D Expiry
- 30 Sep 2026
- 44C Latest ship
- 15 Sep 2026
- 46A Documents
- from template
- Declarations
- auto-attached
Create the application
Start from a saved template or upload a purchase order or pro forma invoice. Quick LC extracts relevant information, pre-populates LC fields, and validates the application as it is completed.
Review with the supplier
Share the pre-validated draft with the supplier to confirm documents, shipment terms, dates, and commercial conditions before submission to the bank.
Submit and issue
The validated application moves through bank review, limit checks, compliance screening, and trade operations processing. Once approved, the MT700 is transmitted through SWIFT and confirmation is returned to the platform.
Manage the lifecycle
Track the issued LC, submit amendments, review version history, and manage document presentation through the same digital workflow.
See how Quick LC simplifies Letter of Credit issuance.
Bring a real LC application. We'll show how Quick LC helps businesses collaborate with suppliers, submit complete applications, and issue Letters of Credit through a fully digital workflow.