Letters of credits

The safest means of payment when exposed to risk.

Thanks to the guarantee of the intervention of banks in its processing for the importer/exporter.
  • Protection against commercial risk.
  • If you are an exporter, you will get a higher level of security in payments and payment punctuality.
  • If you are an importer, this product offers you security on the date and delivery terms and conditions of the goods.

What are letters of credit?

  • The payment method that offers you the most protection against commercial risk, due to the guarantee that the intervention of banks in processing offers you, the importer/exporter.

    Letters of credit can be classified as:

    • Irrevocable: Depending on whether the issuer needs the consent of the parties to amend or cancel the credit.
    • Confirmed or unconfirmed : Depending on whether there is a confirming entity.
    • Transferable or nontransferable: Depending on whether the beneficiary can transfer its creditor position to a third party

You might also be interested in

  • Obtain liquidity to securely develop your sales plans internationally.
  • Protect yourself against fluctuations in the currency market and access risk management instruments.

     

See more international business information

Be a BBVA customer.

  • At BBVA, we offer you the products and tools you need to help with your international trade transactions.
  • We are leaders in digital innovation working to make your life that bit easier.
  • We believe in doing things a transparent, clear and responsible way.
  • At BBVA, we offer you the products and tools you need to help with your international trade transactions.
  • We are leaders in digital innovation working to make your life that bit easier.
  • We believe in doing things a transparent, clear and responsible way.

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