$ Buy : 575.00 • Sell : 590.00
BCCR: 577.82 • 585.88
800-1020-300 800-1020-300
Letters of Credit
Characteristics

Letters of credit are payment instruments subject to international regulations with which a financial entity, under a customer’s instructions (payor) must make a payment to a third party (beneficiary) upon presenting the required documentation with a given term, having complied with the credit terms and conditions.

The following are some of the most important characteristics of letters of credit:

  • Irrevocable
  • Transferrable
  • Confirmed
Benefits

 

  • Agility processing your letter of credit request.
  • Personalized service.
  • Expert advice.

Requirements for Legal Persons:

  • Articles of incorporation (with shareholding)
  • Recent public utility bill (water, power or telephone).
  • Financial statements (two previous fiscal years and a recent fiscal year to date– not older than three months).
  • A copy of the company’s legal representative’s personal identification, legible and valid.

Requirements for Natural Persons:

  • A copy of your personal identification, legible and valid.
  • Recent public utility bill (water, power or telephone).
  • Employees: employer certification, and salary certificate.
  • Independent professionals: CPA income certification and six months of bank statements.