This is a commitment in form of writing issued by a bank to pay a particular sum of money to a beneficiary on behalf of a bank’s customer in a situation where the customer/purchaser do not have the ability to pay or perform its obligation financially to the seller.
At AMRO HOLDING, there are several choices of financial instruments we provide for our customers. Whether the providers or purchasers who are intriguing in transacting trade in a worldwide market or even in the form of enhancement for credit. We also offer financial instruments like Letter of Credit (LC), Standby Letter of Credit (SBLC), Bank Draft (Cashier Check), Bank Guarantee (BG) and Documentary Letter of Credit (DCL) which is used in industries most often, issuing of us by Top Worldwide Prime Bank.
Helping our clients with Bank Confirmation Letters (BCL) or Proof of Funds (POF) is one of the benefits our clients enjoy. These are commonly used for commodity trades such as precious gems, oil and gas service equipment, steel, and others. We can open worthy credit lined for several services in the import and export trades based on producers and distributors.