Letters
of Credit
Letters of Credit are excellent instruments
to facilitate the importing and exporting of goods. It is a promise
of payment issued by the Bank on behalf of the client, to a supplier,
and carries an obligation of payment provided that the specified
terms and conditions of credit are met.
Benefits
Through the issuance of a Letter of Credit, the seller, as well as
the buyer, is protected because both are setting prior conditions of
payment (amount, conditions of payment, merchandise, time of delivery
and necessary documentation).
View details of your Letters of Credit
through our On-Line Business Banking (Banca en Línea Comercial) service, 24 hours a day, from
anywhere in the world.
Apply today for a Letter of Credit and
provide your business more opportunities to grow! Call (507)303-5001
and our Foreign Trade experts will gladly advise and assist you.
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