Mercantil Bank customers may apply for an Irrevocable Letter of Credit for their account by downloading the form Application and Agreement for Irrevocable Letter of Credit. This form can be used to apply for either an Irrevocable Commercial Letter of Credit (Section I) or an Irrevocable Standby Letter of Credit (II).
Clients requesting an Irrevocable Letter of Credit should complete the form, sign it, and submit the original to his/her account officer for approval. The sole submission of the form does not represent a commitment or obligation to issue a Letter of Credit by Mercantil Bank. All completed forms are subject to approval in accordance to the credit lending policies of Mercantil Bank.