Trade Services

Commercial
Letters of Credit

Efficiency in International Payments

Description

Payment instrument issued and negotiated by banks to provide certainty to both Seller and Buyer in a domestic or international transaction.

Payment obligation issued by a Bank, to pay a domestic or international Seller the amount stated in the letter of credit upon meeting the terms and conditions stipulated in such instrument.

Payment of the total amount of money indicated by the buyer (Originator) within a determined time period and against the delivery of documents.

Characteristics
  • Letters of credit may be domestic or international
  • The exporter/ seller is certain that a bank will meet its obligation to pay upon receiving the required documentation adequately compiled.
  • The Letter of Credit is an instrument that, in general terms, facilitates financing, both for the Seller and the Buyer.
  • Letters of Credit are generally issued in USD or pesos, however, Monex can use other currencies.
  • Our “express” letters of credit is a great alternative for companies without lines of credit yet have an urgent need to set a letter of credit. Contact your broker.

Access to Letters of Credit System

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REQUISITES

1

Contact your Account Executive

2

Forward the financial and legal information in order to make an assessment

3

Contracting and compliance of conditions set by the Credit.