Letters of credit

Guaranteed transactions

For buyers and sellers, according to the agreed-upon terms of the letter of credit.

Credibility and transparency

In line with the International Chamber of Commerce (ICC) rules.

Liquidity boost

Option of prepayment for the exporter and improved payment management for the importer.

How letters of credit work

Find out how letters of credit work and how they strengthen your position in the global market.

We issue a letter credit (LC) upon your request and undertake to pay the value of the goods to the exporter.
When the exporter presents the necessary documents (bill of lading, invoices, etc.) and proves they have fulfilled the transaction terms, we make the payment.
You pay your supplier through Alpha Bank, based on the letter of credit terms.

If you are an export business, we notify you that a letter of credit has been issued by the buyer’s bank abroad.
We and the buyer’s bank check the shipping documents. Provided the terms are met, you are paid by the buyer’s bank at the agreed-upon time.
We check that the letter of credit is genuine and the terms are properly stated, so you can proceed with dispatching the goods and sending us the shipping documents.

If you are an export business and have received a letter of credit from a bank abroad, you can request an additional guarantee from Alpha Bank.
Once you receive the letter of credit, you ask us to confirm it, so we undertake the responsibility of making the payment to your business.
Provided the buyer’s bank is within the acceptable credit risk limits, we add our confirmation to the letter of credit.

Use an internationally recognised payment method, in line with the International Chamber of Commerce (ICC) rules.
Pay only after you receive the goods and based on the agreed-upon terms.
Enhance your credibility and expand your international business relationships.
Ensure better cash flow with import letter of credit discounting.

Lower the risk of non-payment from foreign buyers.
Enhance your credibility and expand your international business relationships.
Offer extended payment terms to foreign buyers and retain liquidity for your business with export letter of credit discounting.