Letter of credit
Ensuring secure transactions between buyers and sellers
Quick checkout
No credit limit
Local and international transactions
How does this work?
Review the terms and conditions
Select the appropriate type of letter of credit
Visit a bank office to issue the letter of credit
Letter of credit
Financial instrument that guarantees transaction security. It is suitable for both domestic and international transactions. The bank pays the recipient upon receiving documents that confirm the fulfillment of the agreed conditions
Covered letter of credit
The buyer immediately transfers the entire amount to a separate account, and the bank keeps the money until the letter of credit is executed
Quick processing
Without a credit limit and an agreement with the bank
Uncovered letter of credit
The buyer does not need to immediately withdraw money from circulation - the amount is written off from the account during the execution of the letter of credit
If the contract has a deferred payment, then the seller can receive the money immediately after delivery
An agreed credit limit and an agreement with the bank are required
