Documentary letters of credit
What are the benefits of international trading and what is your own company's export suitability?
Whether you are starting a new business or moving your existing account from another bank we have an account to suit your needs.
Making settlements for international trade
Documentary letters of credit are frequently used as the agreed method of settlement for international trade. We will reimburse the seller against presentation of documents that meet with conditions laid out in the documentary letter of credit by you as the buyer.
Potential to save money by better payment for imports
Potential to obtain payment faster
Faster transactions
To find out more call 0845 300 0101.
Features & Benefits
- Money saving potential through better payment on imports as your suppliers are guaranteed payment with the letter of credit.
- Potential to obtain money faster – using letters of credit enables you, as the exporter, to request immediate payment improving your cash flow.
- Faster transactions as letters of credit will allow you to complete transactions more quickly.
- A letter of credit is subject to internationally agreed banking rules.
You should be aware that you are liable for any sum paid by the Bank on your behalf and that there is a minimum transaction charge of £150 for import documentary letters of credit.
View Documentary letters of credit rates and charges
More information
If you would like more information before you apply either call 0845 300 0101 or complete our request for further information form.
How do I apply?
By telephone
Call 0845 300 0101 for more information.
