Import and Export Letters of Credit (L/Cs):
- Import Letters of Credit: If your company is purchasing goods from overseas by letter of credit, you will need a bank to issue the L/C, and a credit facility to support it. This will ensure the supplier will be paid if documentary obligations are met. This will also enable the importer to establish and increase a supplier base overseas, key to the success of any business.
- Export Letters of Credit: If you are selling abroad, this payment method will allow you to ensure prompt payment and minimize your risk. Pacific Western Bank can act as either the advising or confirming bank.
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