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058 211 21 00

(Montag bis Freitag, 7.30 - 19.30 Uhr, Samstag 9.00 - 16.00 Uhr
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Banque Cantonale de Genève
Quai de l'Ile 17 - CP 2251
1211 Genève 2

Fax : +41 58 211 21 99

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Clearing/CB788
CCP CHF12-1-2
CCP EUR91-518772-8
TVA/IDECHE-105.981.074
GIIN:   CGGLK0.00000.LE.756
LEI:   549300ZEFUWWFTP7BA50

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Documentary credits

Documentary credits

With documentary credits, the BCGE offers you a payment and credit instrument which is recognised worldwide, with a view to minimising risks in the international trade of goods and services.

ADVANTAGES

  • The seller receives a bank instrument which specifies the undertaking given by the issuing or confirming bank
  • The buyer makes payment solely against presentation of compliant documents indicating that the goods have been shipped
  The essentials Further information Contact us 
The essentials

Documentary credits: definition

A documentary credit, or letter of credit, is a by-product of international trade. It is used to reduce import and export related risks. It is most often found in long-distance sales transactions. This is why reference is usually made to a sales contract. The documentary credit serves to guarantee payment for the provision of services resulting from this basic contractual relationship.

First and foremost, a letter of credit is a payment instrument which has become virtually essential in trade operations. In practice, the buyer discharges its duty to pay for the goods ordered by means of a letter of credit instead of paying the purchase price directly. By accepting the inclusion of a letter of credit clause in the sales contract, the buyer undertakes to authorise a bank to issue a documentary credit, and to pay the sale price to the beneficiary (seller) against presentation of compliant documents.
Further information

Conditions

Handling letters of credit is subject to the uniform rules and practices published by the International Chamber of Commerce in Paris. These rules are regularly revised so as to comply with commercial practice.

A letter of credit is quite a costly instrument. It is not recommended for small-scale operations.

Contact us

058 211 21 00
Montag bis Freitag
7.30 - 19.30 Uhr


Samstag
9.00 - 16.00 Uhr

Wechselkurse

22.08.2019

EUR EUR Bancomat 1.108 
EUREUR 1.1177 cours euro en hausse
USDUSD1.0268 cours usd en hausse
GBPGBP1.2633 cours usd en hausse
YENYEN0.9607 cour du yen en hausse
EUR EUR Bancomat 1.072 
EUREUR1.0631 cours euro en hausse
USDUSD0.9403 cours usd en hausse
GBPGBP1.1475 cours usd en hausse
YENYEN0.8868 cour du yen en hausse

Angaben ohne Gewähr

Investitionsstrategie der BCGE-Gruppe

Börsenkurse

BCGE 199.50 ---
SMI 9,805.50 ---
cours action bcge Datenquelle: SIX Financial Information SA

Zinsen und Gebühren

© 1999-2019 BCGE
   Banque Cantonale de Genève
   Case postale 2251
   1211 Genève 2
   Tél: 058 211 21 00