A documentary credit is a proven payment and processing instrument frequently used in cross-border transactions.
Documentary credits at a glance
Tried and trusted worldwide
A standard and secure payment instrument that can also be used for short-term credit
Payment security for the seller and delivery security for the buyer
Various types of documentary credit
The type of credit will depend on the country of export and import, the business relationship and the risk tolerance
What documentary credit is right for you?
Documentary credit in export
The documentary credit protects you, as an exporter, from delivering goods without getting paid. The importer’s bank (and UBS in the case of a confirmed documentary credit) is obligated to make payment when you submit the agreed delivery documents.
Documentary credit in import
You as an importer obtain the desired security of supply because your business partner receives the money owed only after demonstrating that the goods have been shipped by submitting the documents set out in the documentary credit.
Documentary credit in transit trade
At least three parties are involved in transit transactions. Supplier, intermediary and buyer have different requirements regarding security and liquidity. These can be met as needed with special documentary credits.
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