Commercial Letters of Credit

Reduce your risks when doing business internationally

How Commercial Letters of Credit Work
Procedures you need to know about

Typical conditions

Conditions typically involve the presentation of documents showing that a shipment has been made, as well as insurance documentation, invoices and inspection certificates.

Two forms of payment

Sight payments demand immediate disbursement when the required documents are presented, examined and approved. Time payments delay payment until a future date following document approval and release.

Specific details

Commercial letters of credit also specify details on the purchase or sale of goods, including price, required shipping documents, payment and shipping terms, timeframes and other transaction details contained in the underlying contract.

Import letter of credit

The issuing bank substitutes its credit standing for yours or that of your business, resulting in enhanced purchasing power, reduced seller risk and improved cash flow.

Export letter of credit

The foreign bank substitutes its credit standing for that of your buyer, reducing your risk and improving cash flow.

We Can Help

What can we do?

With our competitive rates and industry experience, we can help make your overseas transactions easier and more efficient.

  • We can issue import letters of credit, ensuring compliance with international trade practices
  • We carefully examine all documents to ensure compliance with letters of credit
  • We make a payment only when documentation conforms to the terms of any letter of credit
  • We consult with you on the proper structure of letters of credit and relevant documentation

Letter of credit forms

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Business Digital Banking

Manage your business on the go

Manage your accounts from anywhere

Business Digital Banking

Manage your business on the go

Send & transfer money with ACH and wires

Business Digital Banking

Manage your business on the go

Receive account and security alerts

Learn more about business digital banking

Normal credit approval applies.

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