Letter of Credit

A facility offered to importers to facilitate importation of goods through the issuance of a letter of credit in favor of the seller-beneficiary.

Eligibility

 Wholesalers, retailers, manufacturers, traders who import goods.

Benefits

 Risks are reduced since settlement instructions is made through SWIFT, the worldwide platform for electronic      messages.
 Fast Processing at Competitive Rates.
 Straightforward settlement of trade to your international supplier / buyer.
 Clear instruction on settlement, both buyers and seller knows how payments will be settled.
 Vattanac Bank is recognized worldwide through its inter-financial relationships with overseas banks.

Documentary and Clean Collection

A service to importers and exporters where the Bank acts as an agent to collect financial and commercial documents.Read More

Banker's Guarantee

For tendering of projects or performance of contracts.Read More

Shipping Guarantee

A joint guarantee by the Bank and the importer to obtain the release of goods imported before the arrival of shipping documents.Read More