International
Exploit opportunities in international business without taking unnecessary risks.
LC and Doc. Collections
Does your company export goods or services abroad? Or do you import products into Switzerland? Then you – like your business partners abroad – have a vital interest in maximising protection when transacting your foreign business. We meet this need for security through our documentary letters of credit and documentary collections.
Benefits for you
Documentary letter of credit
- The bank instructed by the buyer provides an irrevocable undertaking to pay a fixed amount to the seller if the seller presents the specified documents for the goods within a given validity period.
- Protects the buyer, who only pays if the goods are delivered.
- Protects the seller against the risk of supplying goods without quid pro quo.
Documentary collections
- The seller instructs the bank to hand over the documents for the goods to the buyer only against payment of a fixed amount.
- Protects the seller against the risk of supplying goods without quid pro quo - however, in contrast to a documentary letter of credit, there is no obligation to pay.