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Our Export Letter of Credit afford you guarantee of payment from your trading partner before you commit to exporting goods.

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Secure a known payment date, currency and amount.

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Get a guarantee of payment before you commit to sending goods.

  • Benefits

    • A comprehensive range of international trade services to support your overseas trading.
    • 'Gateways' to a whole range of other international products and services such as foreign exchange products and risk mitigation.
    • You can secure a specific payment date.

  • How it works

    • Payment is only made to exporters when they present documents that comply exactly with the terms and conditions of the Documentary Letter of Credit.
    • The exporter may be able to discount deferred Letter of Credit, thus receiving their payment immediately upon presentation of complying documents.
    • No impact on the exporter’s credit facility. Even if we discount the Letter of Credit, the risk will be on the issuing bank.
    • Letters of Credit can be issued for any value and in any freely traded currency (subject to appropriate facilities having been marked for the customer).
    • Payment can be received immediately on presentation of compliant documents ('sight' payment) or on a fixed or determinable future date ('term' payment).

  • How to get it

    Email us at:

    InternationalBankingservices@absa.co.za

Please note: To provide our products and services, we collaborate with other companies, some of which may use our branding. Our Privacy Policy does not apply to these companies' websites. For their privacy policies, please refer to the respective service provider's site.

Need more help?

Contact your nearest branch or your International Business Banking Specialist.

Email us at:

InternationalBankingservices@absa.co.za