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Advantages
Minimum risk
Less risky than other payment instruments
An independent and irrevocable commitment
Irrevocable payment guarantee based on the submitted documents
Expand global connections
Facilitates the establishment of new trade relationships with international partners
ABB offers you the following services related to letter of credit
Management
Opening, amending, verifying documents, and processing payments.
Consulting
Providing consulting services on letters of credit and related operations.
Information
Informing beneficiaries about letters of credit issued by other banks.
Confirmation and presentation
Confirming and issuing letters of credit using client’s or bank’s funds.
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