Operating abroad and need the support of a bank to perform cross-border transactions? Letter of Credit, as a payment instrument and collateral, is a great solution. A Documentary Letter of Credit is a bank obligation whereby the bank will pay the seller of goods or services a specified amount within a specified period, upon being presented with a document confirming the takeover of certain goods, in line with the terms and conditions of a Letter of Credit. A Documentary Letter of Credit may be opened upon the order of a domestic buyer in favour of a foreign seller (nostro), and it is possible for a foreign buyer to open a Letter of Credit in favour of a domestic seller (loro). It is important to identify whether the opening of a Letter of Credit with coverage/without coverage is in question. The amount of the Letter of Credit to be approved by the bank depends on your application and your creditworthiness.

A Bill of Exchange Discount is a form of short-term lending whereby we provide you with a quick and efficient way of securing necessary liquidity for your current operations, before the maturity date indicated on the bill of exchange. This solution requires us to approve the bill of exchange discount for you, that is, pay out the bill of exchange amount prior to its maturity. The Bank accepts the approval of discounting the bill of exchange issued by a company with an appropriate level of creditworthiness and endorsed to the bank by way of full endorsement.