Payment security in short-term international trade
Do you import or export goods to a buyer abroad and want payment security? A letter of credit or a guarantee from the buyer's bank is a good way of doing this. With an export letter of credit, your business partner abroad receives the documents necessary for collection of the goods from his bank against payment of the agreed purchase price. As DZ BANK, we can confirm this export letter of credit for you, giving you greater payment security.
Have you agreed a period of grace with your customer? We are glad to offer you advance financing or forfaiting for this purpose and purchase your bills of exchange or credit-insured export receivables (supplier credits).
You can also agree a bank guarantee as security in the purchase contract. In this case, DZ BANK issues you a guarantee with the counter-liability of a foreign bank, which assures payment of the agreed purchase price.
Have your export letter of credit confirmed by us.
Payment of the letter of credit amount is guaranteed by DZ BANK. With our assurance, you no longer have the payment risk of the foreign bank, but the payment security of DZ BANK.
The prerequisite for a confirmed letter of credit is that your buyer's bank is acceptable to DZ BANK for a corresponding promise of payment. Your DZ BANK DESK-Team (vr.tradefinance@dzbank.de) will be glad to carry out an appropriate examination for you.
Our value added
High payment security through DZ BANK.
It may happen that the buyer of your goods asks for a later payment date than when the documents conforming to the letter of credit are presented. So-called "periods of grace" of 60 to 180 days are usual. In this case we offer you an advance payment (early fulfilment) in connection with the confirmation of the letter of credit.
Do you have any matters concerning the confirmed letter of credit or premature fulfilment? Please contact your corporate customer advisor at your cooperative bank or contact the DZ BANK DESK team (vr.tradefinance@dzbank.de).
Our value added
You will obtain liquidity more quickly than agreed in the letter of credit.
DZ BANK offers you payment security via a counter guarantee. In the purchase contract, you agree a guarantee from a foreign bank to secure your claim.
As DZ BANK, we are in a position to issue a guarantee in your favour on behalf of and under the counter-liability of the foreign bank. DZ BANK guarantees the payment amount.
Our value added
They "exchange" the guarantee of a foreign bank for the guarantee of DZ BANK.
