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About documentary credits
An integral part of world trade
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As a credit instrument and a means of securing and processing payments, modern world trade would be inconceivable without the documentary credit. It meets all the criteria of this role provided the terms of the credit are clear and unambiguous. However, the formal requirements are extremely stringent: the bank may only effect payment if the documents are exactly as stipulated in the credit.
Important legal information - please read the disclaimer before proceeding.
Products and services in these webpages are not available for US persons, for the exclusion of residents of other nations see the disclaimers relating to the actual services.
© UBS 1998-2008. All rights reserved.
