International Trade Services: Letter of Credit

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Between 23rd of November 2020 and 31st of December 2020, the working schedule within all the OTP Bank territorial units will be, from Monday to Friday, between 10 AM and 5 PM.
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International Trade Services: Letter of Credit

In order to have the guarantee that international payments are made by an instrument with the highest degree of security, opt for the Letter of Credit. This is a firm banking commitment by which the Issuing Bank undertakes to make payment in favour of a Beneficiary when the terms and conditions of the Letter of Credit are strictly observed.

Firm bank commitment

Independence in relation to the basic contractual relationship, since the Letter of Credit is a transaction distinct from a sale

Safety given by the protection of the interests of all parties concerned

How to get the Letter of Credit?

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