By choosing the Letter of Credit,
the payment method most widely used internationally, you have additional safety measures in place for your business.
This instrument, which delivers the highest level of safety in international trade contracts, is a firm bank commitment by which the Issuing Bank undertakes to make payment to a Beneficiary only if the latter prepares the documents in strict compliance with the letter of credit's terms and conditions.
What are your advantages?
Firm bank commitment;
Safety given by the protection of the interests of all parties concerned;
Independence in relation to the basic contractual relationship, since the letter of credit is a transaction distinct from a sale.
Please come to any OTP Bank branch for consultancy and more information about this product.