Effective January 1, 2026: Conexus Credit Union 2006, Cornerstone Credit Union Financial Group Limited, and Synergy Credit Union Ltd. amalgamated as Conexus Credit Union. Learn more.
Business Letter of credit
When you’re working with new suppliers, bidding on contracts, or navigating international trade, a letter of credit can give both parties confidence that payments will be made as agreed. It’s a secure, trusted way to support business transactions that require financial assurance.
A letter of credit from Conexus guarantees payment on your behalf, helping you establish credibility, meet contract requirements, and open doors to new opportunities — locally or abroad.
Why choose a letter of credit from Conexus?
A letter of credit from Conexus gives your company the assurance and credibility needed to work with new suppliers, secure contracts, or enter unfamiliar markets. It provides a trusted payment guarantee that helps reduce risk for both sides, making negotiations smoother and building confidence in your business. With guidance from advisors who understand Saskatchewan industries and business realities, you’ll get a clear, dependable solution that supports stronger partnerships and helps your business move forward with certainty.

What is a letter of credit?
A letter of credit is a written guarantee from Conexus that ensures a seller or supplier will receive payment as long as agreed‑upon conditions are met. It’s commonly used in business contracts, construction projects, and import/export transactions to reduce risk for both the buyer and the seller.
It offers reassurance when partners are new to each other, located in different regions, or working on large or complex projects where financial certainty is essential.
Benefits of a letter of credit
A letter of credit can support your business by:
Providing payment assurance to suppliers and partners
Strengthening your credibility when bidding on contracts
Reducing risk in domestic and international transactions
Supporting import/export activities with financial protection
Is a letter of credit right for you?
A letter of credit is a strong fit if your business:
Works with new or unfamiliar suppliers or engages in cross-border trade
Operates in industries that require financial guarantees
Participates in tendering or bidding on large projects
Needs assurance that contract terms will be met
A letter of credit can also help secure materials or services when upfront trust is limited.
Our team can walk you through qualifications and help determine if a letter of credit supports your needs.
Related products and services
Business credit cards — For everyday business purchases
Business services — Payments, deposits, merchant services

Have questions?
That's what we're here for!
Meet with one of our business advisors to talk about receiving a letter of credit for your business. Fill out our contact form and we’ll contact you within one business day.