Letters of credit
- Main
- Corporate banking
- Documentary operations
- Letters of credit
In business it’s difficult fully to avoid mutual risks. In the case of seller, its risk is formed from non-payment by the buyer of the goods. At the same time, a buyer risk could be a non-provision of goods or substandard services.
That is why for the transaction often involves a third party on behalf of the bank, which can guarantee full compliance in respect to the agreement.
Eurobank suggests becoming your mediator due to which you will surely be able to minimize the risks; no matter you are supplier or buyer.
Why letters to credit can interest a supplier?
- Guarantee payment.
According to a contract, payment is guaranteed not by a buyer, but bank, even in the case of buyer insolvency; - Operational payment.
Payment is held immediately after receiving the bank documents that match the letter of credit; - Minimization of risks.
Reducing the likelihood of trade risk, rejection of acceptance of goods, payment for already delivered goods; - Buyer can not make changes to the agreement, without agreeing in advance to the seller.
What is the benefit to the buyer?
- Payment is made just after the bank check required documents and receiving the goods;
- If the delivery is taken partly, the buyer pays for the part of the batch, which has already been provided.
Every client of Eurobank* has a choice of comfort method of connection with us:
- To ask the bank manager;
- To arrange a meeting with the bank manager in convenient time for you;
- To arrange a call back of the bank manager;
- To get Online-consultation of bank employee.
Also, our specialists are ready to answer all your questions by phone: (38 044) 585 43 00 (from 9.00 till 19.00, except for St, Sun.).
