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Service #1: Letter of Credit (LC) A Letter of Credit (LC) is a conditional bank undertaking of payment. It is a written commitment by a bank (the issuing bank) to the seller (the beneficiary) at the request and instructions of the buyer (the applicant) to make payment, either immediately or at a determinable future date, up to a specified sum of money within a prescribed time limit and against stipulated documents or other conditions. At Keren Finance, we offer LC services to assist clients in e
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51K views · 15 reactions | The ITFC LC Confirmation product proposition facilitates the exporters to obtain conditional payment assurance, by way of mitigating the credit and country risks of the LCs Issuing Bank, from a multi-lateral financial institution. Here is how it works -> #ITFCImpact #LCConfirmation #TradeFinance | International Islamic Trade Finance Corporation - ITFC | Facebook
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