Letters of Credit

Letters of Credit

It is a guarantee issued by Intercam to support the obligations of our client in favor of a third party and that give certainty in operations to the beneficiary.

 

In case of breach of the agreed conditions, Intercam pays the amount indicated by the Stand-by to the third party in accordance with the established terms and conditions and our client pays Intercam the disbursement made.

 

Letters of Credit Stand by can guarantee different types of obligations, such as: commercial transactions between national individuals or with operations abroad, participation in a tender, and finally in the performance of a contract.

The letter of credit is issued by correspondent banks that supports and ensures payment to the exporter.

Possibility of discounting bank acceptances in confirmed operations.

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