Features and Benefits

Efficient

Terms and conditions are settled in advance by the buyer, seller and the bank.

Protection

Protects all parties from an arbitrary change in the terms of the transaction.

Secure

To be paid, the beneficiary must provide documents and perform under the terms of the letter of credit.

Protects buyer and assures delivery of what has been purchased.

Safe

Substitutes the bank’s credit for the buyer’s credit.

Ensures payment and aids seller in protecting against commercial risk.