Letters of Credit
Key Benefits
key benefits
For the importer:
The ability to monitor and reduce the randomness
It can make an accurate estimate of the cash flows, and the price of goods
We may agree on more favorable situations
It can be granted a credit to have LC content
Although the exporter:
The pay limits, changing their bank
Improving competitiveness
Forecast cash flow
The exporter may cost savings to other credit insurance
Local guide and procedures
And 'it eliminated the risk of the national bank of the exporting country
Important Features
The LC issued by banks
credit conditions and currency of payment may agree
You can monitor with a loan from a bank of the exporting country
Unknown date of payment and revenue
LC may provide for the payment, or the content (deferred payment of, say, 30, 60, 90 or more)
The customer's bank LC and also asks for clarification of the terms
credit conditions, currency prices and payment can be established
The product's characteristics change depending on the location. It invites you to contact your local branch for more information.