Letters of credit service

Dynamically developing cooperation with first-class European banks allows us to successfully work out the issue of confirming documentary letters of credit opened by the Bank on behalf of clients.

Confirmation of a letter of credit - the acceptance by the executing bank of an obligation similar (equal) to the obligation of the issuing bank under the letter of credit, namely: to execute the letter of credit (make payment under the letter of credit) upon submission to the confirming bank of documents corresponding to the terms of the letter of credit.

A confirmed letter of credit is an additional guarantee of payment for the seller (beneficiary).