Documentary Credit Workflows

Event: Seminar on International Rules and Practices for Secure International Trade

Documentary Credit Workflows

17 June 2019

Author / Speaker:

Vincent O'Brien, ICC Banking Commission - Email the author | Other materials by the author

In this presentation, Mr. O'Brien discussed the process involving documentary credits, a payment mechanism in international trade which provides an economic guarantee from a creditworthy bank to an exporter of goods. Also known as letters of credit, these are used in the financing of international trade, where the reliability of contracting parties are not readily and easily determined.

Geographical Focus:

Global

Type of Content:

Learning Event

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