The IDB process

In addition to securing letter of credit approval from the bank, issuing an IDB is a process that involves a number of steps.  Most of which can be pursued concurrently with the Bank credit approval process.  The finance team will take primary responsibility for completion of these additional requirements. 

The entire process can be easily completed within 90 days, and from the borrower’s standpoint, should not be much different than a conventional financing.  In fact, the most frequent source of delay is the letter of credit bank’s credit approval process.