Commercial Bank of Ceylon's 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 an importer, confirming payment to the exporter upon presentation of complying documents as stated in the LC.

Commercial Bank's 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 needs. Our expertise also allows us to anticipate and resolve any issues 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 are provided by a wide range of banks worldwide

Letters of Credit provided by Commercial Bank of Ceylon PLC are well accepted and recognized worldwide due to our sound financial stability, availability of correspondence worldwide and 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 acceptable to the bank can establish LCs.
• You should maintain an account with Commercial Bank
• A cash margin requirement can be applicable as a security.

Benefits to our clients

1. Irrevocable guarantee of the Bank
2. Establishment of LCs through any branch
3. Confirmation arrangements provided by a range of Banks worldwide
4. Proper guidance and help to new import customers
5. Wide network of correspondent arrangements to resolve any issues arising from the opening of LCs
6. Minimum documentation

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