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    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

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    • 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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    Add and manage all your business bank accounts in one place.

    Manage all your accounts, make better decisions, and save time for your business.
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    Manage all your accounts, make better decisions, and save time for your business.
    More information