LC Departmens

Letter of Credit (L/C)

 

Our extensive network of correspondent banks ensures that your documentary business will be processed smoothly and securely worldwide.
Export L/Cs
Bank Sepah-Frankfurt advises the exporter of the L/C opened by the foreign bank on behalf of the buyer, with or without confirmation, checks the documentation presented and makes the payment once the terms and conditions of the letter of credit have been fulfilled.
Import L/Cs
In addition to our export letters of credit, Bank Sepah-Frankfurt acts on behalf of importers, opening the import letter of credit requested by the importer. This can be confirmed on sight or by deferred payment, transferable or non-transferable, or it can be simply advised of without obligation.
The advantages for you in using letter of credit business (L/C):
- Integral, minimum-cost payment transactions - worldwide
- Secure and traceable transactions for importers and exporters
- Collaboration with correspondent banks worldwide

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