letter of credit discounting services
to arrange immediate payment at very competitive rates. We believe in providing services that goes beyond the ordinary level & it is recognizable. We help our patrons to find perfect solutions for funding as we are one of the
LC funding company in Dubai
with professional excellence.
What is Letter of Credit Financing? How does this work?
You must be extending credit to your customers based on LC issued by them. We arrange to discount these LC to arrange immediate payment at very competitive rates.
We also arrange Letter of Credits (LC at Sight, Usance LC, Standby LC, Transferable LC), Guarantees (Payment Guarantee, Bid Bond, Performance Bond, Financial Guarantee) from reputed Banks both local as well as international at excellent rates.
DEFINITION of ‘Letter of Credit’
A letter from a bank guaranteeing that a buyer’s payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase.
Letters of credit are often used in international transactions to ensure that payment will be received. Due to the nature of international dealings including factors such as distance, differing laws in each country and difficulty in knowing each party personally, the use of letters of credit has become a very important aspect of international trade. The bank also acts on behalf of the buyer (holder of letter of credit) by ensuring that the supplier will not be paid until the bank receives a confirmation that the goods have been shipped.