Facilities for foreign trade financing

Letters of guarantee

Bank letters of guarantee, in their various forms, are non-cash facilities offering insurance of payment to their beneficiaries. Based on the capability of structuring its customized services, GarantiBank offers support to trading partners in the drafting and execution of bank letters of guarantee.

Documentary Letters of Credit

Documentary letter of credit is an unconditional commitment to pay offered to the exporter by the importer’s bank. Normally, the exporter receives the documentary letter of credit before delivering the goods. Guaranteeing the payment is conditional upon submission of documents for export in accordance with the terms and conditions of the letter of credit.

Documentary Collection

Using documentary Collection the exporter gives stricter control over the assets and increased security for the payment. Documents for goods exported are passed to the importer’s bank through exporter’s bank. The importer pays the goods at sight or at maturity, and uses documents in order to enter in the possession of goods.