DOCUMENTARY
OPERATIONS

 

 


 

 

 EXPORT AND IMPORT LETTERS OF CREDIT


■ DOCUMENTARY COLLECTION


 BANK GUARANTEES

Documentary operations

TEXIM BANK offers its corporate clients free consultations with regards to letters of credit, documentary collection and bank guarantees. Give us the details about your specific transaction and we will offer you the most suitable and the safest solution.

EXPORT AND IMPORT LETTERS OF CREDIT

The letter of credit is a method of payment in which by order of the client, and if certain conditions listed in the letter of credit are met, the Bank shall pay a third party. The letter of credit can be revocable or irrevocable, fixed-term or termless, divisible or non-divisible, standby, with a green or red clause. If you wish to open or receive a letter of credit, our specialists will offer you the best form.


DOCUMENTARY COLLECTION

Documentary collection is a method of payment in which by wish of the person ordering it, the Bank hands over documents, in exchange for payment of a sum negotiated in advance between the person ordering it and the payer. TEXIM BANK offers to send of encashment documents, advising on received documents, and handing over of the encashment documents.


BANK GUARANTEES

TEXIM BANK can issue guarantees for different purposes:

■ for participation in sales by auction;

■ for advance payments;

■ for payments;

■ for good performance;

■ for warranty servicing;

■ for customs purposes.

 

For contacts: corporate@teximbank.bg