Export Letter of credit
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Export Letter of credit
Export Letters of Credit help secure payments, ensuring compliant documents and timely settlements.
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Benefits
Minimize credit risk (Buyer / Bank / Country, etc.).
Assures Payment against LC complying documents.
Enables the beneficiary to access trade funding solutions to improve cash flow.
Payment under the Letter of Credit may be made available to the beneficiary by Sight payment, deferred payment, acceptance (of drafts of documents) or negotiation*.
Possibility of prepaying you export bills (post acceptance or otherwise) at competitive rates of interest to speed up your cash flow.
Adding independent confirmation to the Letter of Credit, so that in case any non-payment risk from the issuing bank of country of import you can get your export proceeds from the confirming bank.
Thank you for applying. Your Reference Number is
A representative from Riyad Bank will contact you to complete your request.
Keeping in mind that a current account is required to obtain any product or service from Riyad bank, if you do not have one yet, you can open an account from
here
Need help?
Riyad Line:
800 124 2225
