Documentary letters of credit | OTP banka Srbija
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Documentary letters of credit

Documentary credit represents one of the most significant instruments of international payment in foreign trade business that enables more secure exchange of goods and protects interests of vendor and buyer.

The buyer is ensured that the purchased good is received on time and that it is of satisfactory quality

The vendor is ensured that the delivered goods and services will be paid for

Types of letters of credit that OTP Bank offers to its clients

Necessary documentation
Application form for letter of credit modification
Application form for letter of credit opening

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+381 11 20 13 848

Documentary collection

Documentary collection is a payment instrument used in import-export businesses. Compared to the documentary credit, documentary collection includes prior delivery or rendering of services by the vendor before execution of payment.

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Guarantees

OTP bank issues and advise guarantees as security instruments. At the request of guarantee user the Bank undertakes to make payments up to the amount specified in the warranty, in the case of non-payment or default of contractual obligations by the instructing party under the guarantee.

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Documentary letters of credit

Documentary credit represents one of the most significant instruments of international payment in foreign trade business that enables more secure exchange of goods and protects interests of vendor and buyer.

Find out more

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