Documentary Credit Products and services
Documentary Credits (Sight / Usance)
We issue Documentary Credits (DCs) both on sight and on usance basis to suit our customers’ requirements.
Back to Back Documentary Credit
A Back-to-back Documentary Credit is used by traders, middlemen and buying agents. A Master Documentary Credit is issued by the buyer of our customer. Based on this master, we issue another Documentary Credit, to enable our customer to purchase goods from their suppliers.
Stand-by Documentary Credit
A Standby Documentary Credit (SDC) is generally used to guarantee the performance of any business party. For e.g. our customers may avail credit facilities from us by providing a SDC issued by another bank. An SDC can enable significant transaction cost savings – for e.g. by using a SDC in place of a Documentary Credit, our customers can generate savings, specially in a situation of small and frequent purchases.