DBank Trade finance
Letter of credit
Form of payment in which the bank undertakes an irrevocable commitment to make payment for goods and services in favor of the beneficiary, according to the terms provided in the letter of credit.
Letter of credit
- Reliable, secure and prestigious form of payment
- High level of security for all participants in the trade transaction
- Opportunity for the importer to set his specific parameters of the transaction
- Security for payment when regular documents are submitted on time
- Minimizes the commercial risk of unilateral termination of the contract
- The most widely used form of payment in international trade
Import letter of credit
The bank pays the seller only if the documents fully comply with the terms of the letter of credit. Receipt of the goods within the terms and under the conditions stipulated in the letter of credit. The Bank's consultations guarantee security and benefits in negotiations with suppliers.
Export letter of credit
Guaranteed receipt of payment by the client upon presentation of regular documents. Possibility to fix deadlines in accordance with those specified in the contract.
- The letter of credit is a written irrevocable commitment made by the Bank to make a payment in favor of a beneficiary upon presentation of certain documents and compliance with all requirements and deadlines specified in the terms of the letter of credit.
- It gives a high degree of security to all parties involved in the commercial transaction, which is why it is the preferred form of payment.
Import letter of credit
For business clients-importers of goods from suppliers abroad and in the country, with whom they do not have permanently established trade relations.
Export letter of credit
For business clients-exporters of goods abroad and the country for new clients trading in risky and unknown markets.