Documentary Credits

Export D/C reduces risks related to the buyer

The documentary credit is commonly used for settling international trade. We recommend you to use DC when the buyer is unknown to you or the country of the issuing bank is politically or economically unstable. It is a powerful tool for risk management that can also give your company a competitive edge.

We also recommend using a DC when you need financing for credits give to the buyer. A documentary credit can be tailored to suit each specific trade.

By using Trade Finance Net Services you get access to your documentary credits via Internet.

Your benefits with documentary credits:

• Security for payment; payment is guaranteed by the issuing bank
• Nordea confirmation; Nordea can guarantee the obligation of the issuing bank by confirming* the D/C
• Financing; you can offer credit and/or obtain financing
• ICC rules; the banks involved will act according to the internationally accepted rules of the International Chamber of Commerce.

* subject to credit approval