LC or Letter of Credit is the contracting of guarantee for the provision of services abroad, generating participation in international competitions, covering financial or commercial transactions and securing the result of your company’s business.
SBLC or Stand-By Letter of Credit is a bank guarantee produced by a bank that promotes guaranteeing payment obligations of a company together with companies abroad arising from commercial or financial contracts.
A Documentary Letter of Credit (DLC) or Letter of Credit at sight (LC at sight) is characterized as a financial instrument generated by commercial banks or financial institutions that, through a SWIFT MT700 message, the seller / exporter receives payment of the buyer/importer. With this, the terms specified in the DLC are fully met.
Forfaiting is the discounting of trade receivables on a without-recourse basis.
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