Key Features

• Letters of Credit issued by importer's bank
• Credit terms and currency of payment may be negotiated
• Credit may be confirmed by a bank in the exporter's country
• Known payment date and revenue
• Letters of Credit can provide for payment at sight or tenor (deferred payment, say 30, 60, 90 or more)
• Customer instructs own bank to issue Letter of Credit and also to specify terms
• Credit terms, price and currency of payment may be negotiable

For more details on our Trade Finance Tools contact your Banker.