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Letters of Credit
Use the SEB banka Letters of Credit to minimize the risks of export and import transactions.
A Letter of Credit is:
- the safest way to pay for international trading transactions
- conditional bank payment guarantee
- agreement among banks to conduct international commercial operations
About Letters of Credit
What Does the Letter of Credit Secure?
The Letter of Credit secures: guarantees for both partners of the transaction - the exporter and the importer...Read moreHow does the Letter of Credit Work?
The Purchaser and Seller conclude a trade contract, coming to an agreement about the delivery, quantity, quality and mode of payment of the goods.Read more
Which Letter of Credit to Choose?
The Letters of Credit differ in their level of security and the point at which the Bank assumes the risk.
Read more
