Payment and Securing Instruments

Bank Guarantee

An effective method of decreasing commercial risks relating to doing business. A universal instrument for securing transactions which can be used the world over. A Bank guarantee is created by written declaration by the bank in a letter of guarantee that it will satisfy the creditor up to the level of a specific financial amount if the debtor fails to meet a specific obligation or if other conditions as set out in the letter of guarantee are not met.

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Documentary Letter of Credit

An effective tool for limitation of risks relating to purchase of goods. One of the most elaborate payment security instruments. A Documentary letter of credit offers high quality payment security for both parties to the commercial transaction – both the seller and the buyer.

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Documentary Collection

A classic documentary payment instrument used above all in foreign trade. This instrument is used in most countries around the world. Documentary collection provides the seller with the certainty that the submitted documents, and goods in the case of documents of title, will not be issued to the buyer until the collection conditions are met.

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