A safe and flexible way to settle trade transactions
With our back-to-back letter of credit, secure your goods with the buyer’s letter of credit as collateral. A back-to-back LC is opened against an existing export LC received from the buyer with consistent terms and conditions as security and repayment source. Similarly to transferable letter of credit, the identity of the seller and the buyer are not disclosed and BCP Bank’s customer can supply the buyer without releasing any information about third parties.
With our deep knowledge of markets and extensive access to representative offices, subsidiaries and correspondent banks across the world, our team of trade finance specialists can assist you in understanding the market conditions you’re doing business with and help you secure a back-to-back letter of credit in any foreign transactions.