Letters of Credit
A Letter of Credit facilitates financing, provides legal protection and assures expert examination of all documents related to the import/export transaction.
Bidvest Bank offers its clients a number of variations of the Letter of Credit:
- Irrevocable (straight) documentary credit
- Irrevocable negotiation documentary credit
- Irrevocable documentary credit (unconfirmed documentary credit)
- Irrevocable Confirmed Documentary Credit
- Revolving documentary credit