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The letter of credit substitutes the credit of a third party, usually a bank, for that of the buyer or debtor. In transactions in which a commercial letter of credit is used, the bank agrees to pay the seller for the goods sold, usually upon presentation of a document stating that the goods have been received by the buyer. In transactions in which a standby letter of credit is used, the bank agrees to pay the financier if the debtor defaults upon his obligation to pay. In both cases, the seller or financier is assured of payment, provided the conditions of the letter of credit are satisfied. Upon payment by the bank, the buyer or debtor is obligated to reimburse the bank.
We are direct providers of bank financial instruments such as Bank Guarantees (BG), Standby Letters of Credit (SBLC), DLC and Letters of Credit, MTN. Our Bank Instruments are issued by top prime banks such as HSBC London or Hong Kong, BarclayS bank London, Citi Bank New York, Standard Chartered, Deutsche Bank, UBS Zurich, Switzerland or any bank of your choice.OUR SERVICES INCLUDES BUT NOT LIMITED TO:Loans & International Project FundingLease, Rent or Purchase Bank Instruments such as BG,MTN SBLC, DLC, Letters of Credit (L/C)We seek individuals with Financial Management know-hows to handle the investment and management of over US$900M from private investors.NOTICE: Brokers are 100% welcomed and protected. Our brokers are paid handsome commission for every successful transaction. If you want to be our broker or company representative kindly send us email for more information.For all your financial needs kindly contact usEmail:
The letter of credit substitutes the credit of a third party, usually a bank, for that of the buyer or debtor. In transactions in which a commercial letter of credit is used, the bank agrees to pay the seller for the goods sold, usually upon presentation of a document stating that the goods have been received by the buyer. In transactions in which a standby letter of credit is used, the bank agrees to pay the financier if the debtor defaults upon his obligation to pay. In both cases, the seller or financier is assured of payment, provided the conditions of the letter of credit are satisfied. Upon payment by the bank, the buyer or debtor is obligated to reimburse the bank.
