Documentary letter of credit

Improve your business by using a widely accepted payment instrument in foreign payment transactions

  • Ensure additional safety in business relations between the buyer and the seller with an irrevocable obligation of the Bank to pay both liabilities towards the seller and the claims to be collected by the buyer
  • Enjoy a longer period for the settlement of liabilities and, consequently, a positive impact on the money cycle and working capital management
  • Improve the liquidity by eliminating the need for advance use of own cash

What is a documentary letter of credit?

Documentary letter of credit is a foreign payment instrument, which is an irrevocable obligation of the issuing bank to make a payment against the presented documents upon the order and in favour of the applicant, in accordance with the terms and conditions of the letter of credit and Uniform Customs Practice of International Chamber of Commerce (UCP600).

Types of letters of credit

Choose the type of letter of credit which best suits your business needs:


  1. Nostro (import) letter of credit - we open a letter of credit in favour of a foreign supplier (exporter) upon your order and for your account
  2. Vostro (export) letter of credit – an foreign bank opens a letter of credit in your favour (exporter)
  3. Confirmed letter of credit and unconfirmed letter of credit
  4. Sight letter of credit, with deferral period, at acceptance, by negotiation
  5. Standby letter of credit, non-transferable, transferable, revolving

If you have agreed on a vostro (export) guarantee, we offer you the following services:

  • Advising (forwarding) of the letters of credit received by the issuing bank
  • Provision of necessary information and professional advice regarding the fulfilment of conditions of letters of credit and preparation of documents
  • Reviewing and sending of letter of credit documents for collection

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