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Types of documentary credits available
1) Sight Payment credits- Unconfirmed & Confirmed Sight credits
2) Acceptance credit
3) Deferred pyament credits
4)Negotiation credits
5) Documentary credit in transit trade- Transferable credit transfer, back to back credits, assignments of proceeds credits.
6) Revocable & Irrevocable credits
7) Comeercial credits
Some banks offer special type credits
1) Standby Letter of credit- specially used in US
2) Revolving credits
3) Red / Green Clause credits - Specially in import export area.
Most of them fall under Import & Export business, where1st party, Middleman, thirdparty (Bank) involved
good answer Mr Alok
thank you
