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International Letter of Credit
Let us help you feel at ease about foreign business transactions.
- Provide a guarantee of payment.
- Reduce the risk of buying or selling products internationally.
Who it’s for:
This letter of credit is issued when you need to facilitate the purchase of goods from a company in a foreign country. It is expected to be drawn when the transaction is performed according to agreed upon terms.
Features:
- Flexible terms to meet requirements of vendor.
- Easy to arrange with our correspondent bank.
Benefits:
- Common reasons for an international letter of credit include the purchase of international goods, such as equipment, machinery, and inventory.
- Typical collateral includes accounts receivable, business assets, equipment, real estate and cash and equivalents.
- Repayment is based on terms of the delivery of goods.
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