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LC Collections

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Overview

Is your company engaged in exporting goods or services internationally? Are you involved in importing products into Switzerland? If so, you, along with your overseas business partners, undoubtedly prioritize safeguarding your foreign transactions. To address this imperative, we offer comprehensive protection through our documentary letters of credit and documentary collections.

Benefits

  • Global - Seize international business prospects with prudence.
  • Swift - Enjoy prompt transactional processes.
  • Seasoned - Our distinguished risk policy and extensive experience set us apart.
  • Thoroughly documented - Access comprehensive documentation, information, and guidance for interested parties.

Documentary

Letter of Credit

  • The buyer's designated bank issues an irrevocable commitment to pay the seller a fixed amount upon presentation of specified documents within a defined validity period.
  • This safeguards the buyer, ensuring payment only upon successful delivery of the goods, and protects the seller from the risk of providing goods without reciprocation.

Collections

  • The seller directs the bank to release goods documents to the buyer upon receipt of a specified payment, providing protection against supplying goods without receiving payment.
  • Unlike a documentary letter of credit, there is no mandatory payment obligation.