Documentary Letters of Credit

Documentary Letters of Credit

Information

Letters of credit:

  • Letters of credit opened by the Bank - the documentary letter of credit is a commitment by the Bank to pay a certain amount upon submission within a certain period of time of documents specified in the letter of credit, subject to certain conditions. It can be opened directly towards a beneficiary or through a correspondent of the Bank.

  • Advising letters of credit opened by correspondent banks in favor of the bank's clients. Consultation of the clients during the preparation of the documents for utilization of the amounts under the letters of credit

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