The documentary credit is a credit in the foreign trade business.

Kreditinstitut (the reimbursement bank) accepts a draft of the exporter. This receives thereby the security of a bank for the payment of the goods and can in such a way with comparatively small risk the goods to the importer ship.

With delivery certain documents the banker's acceptance is given before.

see also: Credit in blank

Articles in category "Documentary credit"

We found here 8 articles.

Related Websites

We found here 6 related websites.

• CDCS Home Page
  Certified Documentary Credit Specialist (CDCS) The International Certification for Practitioners. For more information and registration materials for exams ...


• Documentary Credit
  Documentary Credits may be assigned to a FORFAITER who will pay the Beneficiary a value less than the full amount of the Documentary Credit. ...


• IIBLP - Documentary Credit World (DCW)
  Documentary Credit World (DCW). LCs can often involve more than a dozen people from account and credit managers to document examiners and the legal ...


• Letter of Credit (L/C, LC) - Documentary Credit, Commercial Letter ...
  Export-import information on the letter of credit, documentary credit or commercial letter of credit, and comparison of different letters of credit (LC or ...


• SCiNet Corporation | Documentary Credit
  Documentary Credits (letter of credit) and Standby Documentary Credits mean any arrangement, however named or described, whereby a bank (the issuing bank) ...


• UBS - Types of documentary credits
  A documentary credit is also an appropriate means of meeting the security requirements of the various parties in transit operations or international trade. ...