Letters of Credit

A guarantee for your international transactions

  • Make sure that the conditions are satisfied.
  • Benefit from BBVA's international presence.
  • Count on our experience and specialization.

It's safer, whether you are an exporter or an importer

  • Advantages for exporters
    If you make a sale using a letter of credit, you are guaranteed to collect on the invoice if you comply with the conditions and terms specified.
  • Advantages for importers
    When you make a purchase using a letter of credit, you are making sure that the conditions and timelines you have agreed to and that are contained in the documentation are satisfied.

How it works

  • 01. Negotiation and agreement
    The buyer and seller negotiate to reach an agreement and establish clauses for the transaction.
  • 02. Opening
    The letter of credit is opened, including the terms and conditions agreed in the documentation.
  • 03. Processing and tracking
    The buyer's bank and the seller's bank mediate: they process the documents and review them to identify possible discrepancies (differences from the agreed terms).

You will know how the transaction is going

  • You can follow up online
    If you set up notifications, you will receive alerts so you can stay informed at all times. Plus, with online banking for businesses, it's possible to upload documentation or, even, request opening of a letter of credit.

How much a letter of credit costs

  • The price is customized
    When you are going to take out a letter of credit to carry out an international transaction, an advisory team will analyze your case and your needs and will offer you a price.
BBVA is present in the world's major markets.

A personal adviser at your side

  • Specialists to answer your questions
    Our team of specialists in trade finance will make your international transactions easier. Your adviser will help whenever you have questions on financing imports.
    Count on our experience

    You will have a specialized personal adviser at your disposal. You can rely on your adviser to answer questions about your international activity and thus minimize any potential risks.

    • No added cost.
    • Get the information when you need it.
     

Are you interested?

You can request more information on letters of credit by sending in a form, and we will contact you as soon as possible.

Some questions that may come up

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Be a BBVA customer.

  • We work to ensure that borders don't hinder your business.
  • We believe in a way of banking that focuses on people: bancaresponsable.com.
Letters of Credit
More information