Letter of Guarantee Status Inquiry
Institutions using the LGSI service can rapidly verify the validity of their letters of guarantee without having to contact the issuing bank.
Thus, LGSI enables institutions to both cut down on operational costs and save time.
In addition, LGSI helps identify any potential fraudulent activities involving letters of guarantee.
Who Can Use It & How to Use?
Banks, factoring companies and public agencies may use the Letter of Guarantee Status Inquiry service through either web application screens or web service integration, or a combination of both.