This is the first stage of the process you're going to request a letter of credit to buy computers from Bob! At the top of every screen, you'll see exactly where you are in the process, for example:

On the left-hand side of the page, you'll see the merchants' details—those of Alice and Bob. Notice the company names and account details:

Let's make an application as Alice. On the right-hand side of the screen, you can enter the details of the trade. Let's pretend that Alice requests 1,250 computers from Bob, at a unit price of 1,500. The application has a total value of 1.875M EUR:

Also note that Alice can chose (with her bank's permission) some of the terms and conditions on the application. These are important terms and conditions of the contract with Bob—unless they are satisfied, neither party will receive goods or payment:

You can edit these if you wish, although the process is not affected by them.

Click on the Start approval process button when you're ready to move to the next stage of the process:

Congratulations, you've just applied for a letter of credit!