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Types of documentary credits
Availability
Sight payment creditsThe applicable security criteria will differ depending on the form of sight payment credit.  | | Deferred payment creditsUnder a deferred payment credit, the issuing bank and any confirming bank undertake to effect payment on a specified later date subject to presentation of the stipulated documents within the validity of the documentary credit. |
Acceptance creditsUnder an acceptance credit, on presentation of the stipulated documents and a draft drawn on the issuing or the nominated bank, the exporter receives a bill of exchange undertaking that payment will be effected on the designated due date. | | Negotiation creditsUnder a negotiation credit, the exporter receives an advance or an agreement to advance the funds from the negotiating bank on presentation of the stipulated documents and, where applicable, a draft. |
Documentary credits in transit trade
A documentary credit is also an appropriate means of meeting the security | | Special types of creditUBS offers you different products of special types of 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.
