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LETTERS OF CREDIT

A Letter of Credit is a guaranteed payment undertaking by Bidvest Bank to pay exporters for goods against specific documents
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
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Retail foreign exchange rates
 Notes sellOther sell
AUD0.11830.1186
EUR10.861910.8297
JPY9.17819.2250
MUR3.28113.3152
GBP13.515213.4752
USD8.57128.5459
Last updated 18 May 2012 at 13h28
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Bidvest Bank Limited is a licensed financial services provider and a registered credit provider, NCRCP17. The only valid Bidvest Bank websites are www.bidvestbank.com and www.bidvestbank.co.za. Beware of websites purporting to be either a Bidvest Bank website or a site associated with Bidvest Bank - these sites are fraudulent. Please report any such site to fraudsquad@bidvestbank.co.za.