Let us back you up by making your local and international transactions easier by issuing letters of credit to your suppliers guaranteeing that payment for goods and services will be honoured fully and on time by the bank upon presentation by the beneficiary of stated documents that gives you comfort with respect to your suppliers’ fulfilment of their obligations in the underlying contracts.
This product is specially tailored for those in export and import trade but can also be utilised for domestic trade transactions.
Not only does a letter of credit enhance your creditworthiness from the supplier’s perspective but it helps build confidence for more flexible and extended payment terms between the buyer and the seller.