Easier management of your trade settlements and risks.
Use a Letter of Credit if you do not know the other party well, and want to be sure that goods are delivered or paid for. A Letter of Credit will be issued at the request of the buyer. We will then assume responsibility for making payment only when the required goods’ documents are received.
The seller remains in control of their goods until the buyer makes a payment (or until the bill of exchange has been accepted – a written commitment to pay in the future). Recommended when both parties have previous cooperation experience and trust each other.
Need to certify that you will fulfil your obligations in a procurement tender or assure another party in a transaction? Use a bank guarantee. We will pay the guarantee amount should you fail to comply with your obligations.