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Letters of Credit

A solution to your
business need

Commercial Bank Letters of Credit are well recognized and acceptable worldwide due to our sound financial stability.

A Letter of Credit is an undertaking issued by a Bank, at the request of a importer, confirming the payment to the exporter on presentation of complying documents as stated in the LC.

Commercial Bank letters of credit are well recognized and acceptable worldwide due to our sound financial stability.We undertake to effect payment on behalf of our clients in exchange for goods or services, by establishing a letter of credit.

As we are experienced in handling diverse types of L/Cs,  we can provide you with the most appropriate service for your need. Our expertise also allows us to anticipate and resolve any issues that you may have with your suppliers.

 

The Essentials

  • Irrevocable guarantee of the Bank

  • Used widely by importers & exporters

  • Prompt establishment of L/C

  • Confirmation arrangements provided by a wide range of banks worldwide

Letters of Credit provided by Commercial Bank are well accepted and recognized worldwide due to our sound financial stability, availability of correspondence worldwide and the adherence to the laws and regulations both local and international.

With decades of experience, we  provide solutions to any import related matter of our customers. We help to reduce unnecessary costs and time involved in the process of the LC and will help our clients to establish the LC.

 

Eligibility

Any account holder or company can establish LC’s.

You should maintain an account with Commercial Bank

A cash margin requirement can be applicable as a security.

 

Benefits to our clients

  •  Irrevocable guarantee of the Bank

  •  Establishment of LC’s through any branch island wide.

  •  Confirmation arrangements provided by range of Banks worldwide

  •  Proper guidance and help to new import customers.

  •  Wide network of correspondent arrangements to resolve any issues arising from opening of LC’s

  •  LC opening facility available through our online banking.

  •  Minimum documentation

Terms & Conditions apply

Details and terms & conditions mentioned in this page may change from time to time
Please contact the nearest branch for prevailing details and terms & conditions