GENERAL BANKING SOLUTIONS :: Letters of Credit
A commercial letter of credit is a widely used financial instrument that bridges the gap between buyer (importer) and seller (exporter) with the neutrality and strength of a bank. It guarantees a seller (e.g. an exporter) payment for goods or services, provided that the terms of the letter of credit are met.
When your business needs the written commitment that can only be provided by a letter of credit, we can help. Specifically formulated for businesses, FGB's letter of credit guarantees payment of your suppliers, on your behalf, helping to give you and your suppliers, the confidence needed to build solid and lasting business relationships.
Benefits:
- Simple, easy process
- Provides added convenience
*Subject to applicable conditions.