Letter of Credit

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.

Online trading brokers in comparison

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International trading platform

eToro

  • Thousands of international and local stocks

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  • The information provided in the advertisement constitutes a promotion for shares. Your capital is at risk.

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Swiss Broker

Saxo Bank Special Offer

  • Special offer: Reimbursement of brokerage fees up to CHF 200 for 90 days

  • Licensed Swiss bank (FINMA)

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Expert Benjamin Manz
Benjamin Manz is an expert on banking and financial topics at moneyland.ch.

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