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

coins in hand

Secure a known payment date, currency and amount.

badge of excellence

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

Need more help?

Contact your nearest branch or your International Business Banking Specialist.

Email us at:

InternationalBankingservices@absa.co.za