Useful information

Conditional undertakings of payment to facilitate international trade

Documentary credits (also known as letters of credit) allow importers and exporters to deal confidently with one another, secure in the knowledge that payment will be made if the transaction is carried out according to the terms of the contract. We have extensive experience in dealing with documentary credits – both as an issuing and receiving bank. And since we can act as the advising, nominated, confirming and negotiating bank our service can streamline the documentary credits process for both parties – and cut their costs too.

The key benefits

• With a documentary credit in place, exporters and importers no longer have to worry about the credit worthiness of previously unknown trading partners.
• With parties to the transaction assured of payment, improved terms or timings can often be negotiated.
• We can act in all capacities to make dealing in documentary credits more efficient and cost effective.

Features and benefits

• Use our expertise to help you draw up and present effective documentary credits.
• Exporters can use documentary credits to promote sales by offering more competitive terms.
• Trade with confidence in new markets and with multiple trading partners.