Bringing certainty to your business transactions
A letter of credit gives you extra cover and control - your seller can only take payment if they comply with the terms of the deal.
A letter of credit is a formal agreement, made by both parties, to pay for imported goods and services. It’s a guarantee for suppliers that they’ll receive payment, making trade deals less risky and more attractive for them.
No amendments or cancellations can be made without everyone’s agreement, and payment is only processed once exact terms and conditions are met. This means exporters can be confident they’ll receive payment, and importers have a stronger buying position.
Because importers are offering a secure transaction, they can ask the exporter to cover more of the trade costs. This is particularly valuable when dealing with new, unknown suppliers.
If you have any questions or want to discuss your trade finance needs, call your local team.
Making payment collection easier
We handle the documents for your international trades, to give you more confidence in your transactions.
Confidence for buyers and suppliers
Prove you’ve got the resources to complete a deal using our bonds, guarantees and indemnities.
