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Letters of Credit

A letter of credit can provide your business with extra credential support to enhance your possibilities with a new supplier — especially when it comes to international commerce.

  • Provides guarantee on payments of large purchases to third parties

  • Can replace the need for costly insurance company performance bond

  • Easily renewable terms

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CREDIT LETTER
Farmer using tablet to check Letters of Credit in yellow flower field at golden hour

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  • Typically issued for 1-year term or less

  • Fee is based on face value amount

  • Interest accrues only if we must make payment to beneficiary on your behalf

  • Can also be used to guarantee a service

MONEY TIPS

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