Facilities for Foreign Trade Financing
Choose the Foreign Trade Financing Facilities
Letters of guarantee
Letters of guarantee, in their various forms, are non-cash facilities offering insurance of payment to their beneficiaries. Their maturity is variable, correlated with the related transaction, and the collaterals can come as cash, pledges, mortgages on immovable and movables.
The letters of guarantee from Garanti BBVA can protect its beneficiaries and offer a lot of benefits
Documentary letters of credit
The Documentary letter of credit is an unconditional commitment to pay offered to the exporter by the importer’s bank. Normally, the exporter receives the documentary letter of credit before delivering the goods. Guaranteeing the payment is conditional upon submission of documents for export in accordance with the terms and conditions of the letter of credit. The maturity of these letters is variable, correlated with the related transaction. Collaterals can mean cash collateral, pledges, mortgages on immovable and movables.
The Documentary letters of credit from Garanti BBVA can offer the following certainties
Using the Documentary collection, the exporter gives stricter control over the assets and increased security for the payment. Documents for goods exported are passed to the importer’s bank through the exporter’s bank.
The Documentary collection from Garanti BBVA can improve and secure the process of trading goods