Also known as documentary credit, a letter of credit is a written agreement in which a bank agrees to pay the letter’s holder a specified amount in a specified currency, if the holder delivers certain required documentation in full within a pre-agreed timeframe.
About moneyland.ch
moneyland.ch is Switzerland’s independent online comparison service covering banking, insurance and telecom. More than 80 unbiased comparison tools and calculators are available on moneyland.ch, along with useful financial guides and timely news. The comprehensive comparison tools help you to find the right insurance policies, bank accounts, credit and prepaid cards, loans, mortgages, trading accounts and telecom products for your needs.
Advertisement
Company
Users
Banking
© moneyland.ch AG, Walchestrasse 9, CH-8006 Zurich, Switzerland. All rights reserved.