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Documentary credits

Documentary credits are among the most secure payment solutions in the international trade area. They lower the risks related to the importation and exportation of goods.

Before processing the payment, the documentary credit needs the presentation of documents to guarantee the respect of the general terms.

There are several ways to carry out a documentary credit:
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Payment on a sight basis

The payment is made as soon as the documents have been received.

Payment at maturity

The payment is made at the date defined in the contract.

The payment is made as soon as the documents have been received. The payment is made at the date defined in the contract.

Types of documentary credits


Documentary credit for exporters

The payment is guaranteed with the documentary credit for exporters of goods or services. The importer's bank guarantees the payment once the credit conditions are met.


Documentary credit for importers

The delivery of goods or services is guaranteed subject to the presentation of compliant documents by your counterpart.


Disclaimer

This instrument is subject to the rules of documentary credits, publication 600 of the International Chamber of Commerce.