CREDIT AGRICOLE BANK offers documentary transactions as a reliable tool to secure payment performance.
Documentary transaction is a tried and tested and convenient form of settlements aimed to protect interests of customers and their counterparties and mitigate risks inherent to trade transactions.
Advantages of documentary transactions:
CREDIT AGRICOLE BANK offers documentary transaction services to its customers:
BANK GUARANTEE – a form of settlement under which the Bank undertakes to pay a certain amount if its customer does not perform its contractual liabilities.
BILL AVALIZATION – commitment provided by the third party (as a rule, by the Bank) to make payment in case of the payer’s failure to perform its obligations.
LETTER OF CREDIT – commitment of the Bank to pay a certain amount in the agreed currency to the seller of goods or services at the expense of its customer (buyer) against the documents provided by the seller within the set time as stipulated by the letter of credit.