What you should know
Documentary credits are internationally recognised as a means of helping to ensure credit worthiness and in connection with paying your partners abroad for your goods .
- As an exporter (seller), you can benefit from the assurance that payment will be made to you from a bank while retaining control of your goods until such payment is guaranteed.
- As an importer (buyer), you can ensure that your payment to the supplier will only be made if the latter complies with the terms of the credit.
For further information…
Contact your personal banker at your local Business Centre.