Standby Letter of Credit
A mutual guarantee on your international import and export transaction
You are an importer or an exporter looking forward to improving your trade exchange?
The opening of a Standby Letter of Credit allows you to achieve optimum safety in your import and export commercial transactions with your foreign trade partners:
- You are an exporter: in case of non-payment from your customer abroad, you use the Standby Letter of Credit on a simple production of documents proving the debt: the issuing bank of your customer will carry out the payment
- You are an importer: based on the same principle, you guarantee your supplier that BANK OF AFRICA will replace you in case of need
- This guarantee system mutually reassures the partners and contributes to the improvement of trust regarding your trade exchange
Trust is a real commercial success lever. In both exports and imports, choose the Standby Letter of Credit to reassure your stakeholders.