Letter of credit | OTP banka

Already at the conclusion of the contract, ensure that payment and business risks are as small as possible. Choose a letter of credit, which is an instrument of insurance and, at the same time, an instrument of payment in domestic and international transactions.

Cookie Control
Pursuant to the Electronic Communications Act (ZEKom-1) user consent is required for certain cookies to be used. You may reject cookies at any time. In this case, you will still be able to visit our website, but the website may not function as intended.
 
Do you agree to using the following cookies?
Session cookies
Cookies to store your preferred choices and settings
Agree
Don't agree
Google Analytics cookies for analytical purposes
Agree
Don't agree
Third-party cookies (Facebook, Twitter, LinkedIn, Ad Words, Hotjar)
Agree
Don't agree
Confirm settingsAgree all
Start typing what you're looking for
  2. Business
  3. Small & medium enterprises
  4. Documentary business

LETTER OF CREDIT

Already at the conclusion of the contract, ensure that payment and business risks are as small as possible.


 

OTP Banka


Choose a letter of credit, which is an instrument of insurance and, at the same time, an instrument of payment in domestic and international transactions.
 

OTP Banka


You reduce the risk of non-payment when concluding deals.


 
 

OTP Banka


Enhance the competitiveness of your company and increase your sales.


 
 

Advantages:

 
OTP BankaOTP Banka A documentary letter of credit protects the interests of both parties in the business relationship and offers a high level of insurance as a payment instrument, as it transfers the risk of non-payment to the bank.
 
OTP Banka It assures the buyer of the goods that the bank will pay the amount specified in the documents proving that the goods were shipped on time, in the agreed manner, to the agreed address, and in the appropriate quantity.
 
OTP Banka It guarantees to the seller that they will receive payment for the goods sent within the agreed deadline, provided they submit documents that comply with the terms of the letter of credit.
 

Types of Letters of Credit

Documentary letter of credit


It is the most widely used letter of credit and represents an irrevocable commitment of the buyer's bank (Issuing Bank) to pay the seller/contractor (Beneficiary) the value equivalent to the amount specified in the documents presented to the Issuing Bank or to the Nominated Bank, provided that the documents comply with the terms of the letter of credit.



 
 

Stand by L/C


A letter of credit that is similar in substance to a Bank Guarantee and can act as a substitute for the latter. Its use is recommended where business partners cooperate regularly and where regular delivery of goods over a certain period of time is involved. The seller uses a standby letter of credit only as insurance if the buyer fails to meet their payment commitment on time, as the seller can request payment via the standby letter of credit only after failing to collect payment from the buyer directly within the agreed time.
 

Transferable L/C


This type of letter of credit is used primarily when you act as an intermediary between the seller and the buyer. As the Beneficiary of a transferable letter of credit, you can make certain transactions without having to use your own funds or having your bank provide financing.





 
 

OTP Banka
Request for import letter of credit in the online bank Bank@Net com

 

You can also send a request for an import letter of credit quickly and easily using the form in the online bank Bank@Net com.

To successfully log into the application, you need:

  • Internet connection
  • Web browser
  • A digital certificate issued by Halcom CA
  • Installation of Nexus Personal and SETCCE proXSign


The Bank@Net com Handbook is available to help you:

MANUAL

Access to the Bank@Net com online bank:

BANK@NET COM
 

 

How to get a letter of credit?

OTP Banka

Consult with us


Need more information?
We advise you:
  to contact us at the stage of preparing the deal and before signing the contract with the partner,
  we help you coordinate and formulate a letter of credit terms with your business partner,
  we cooperate with you and advise you on the preparation of documentation for submission by letter of credit for the purpose of obtaining payments.

Contact our administrators who will happily help you with your final decision.
 
 
 
OTP Banka

Send an inquiry


Did we convince you with our offer?
Send us an inquiry.



I AM INTERESTED
 

Ways to bank

Branches and ATMs 
Online and mobile bank
Business Bank@Net
 
 

Tools

Exchange rates and Currency converter
Terms and Conditions
Ratings
Know your customer
 
 

About Us

Publications
Media Center
Careers
OTP Group Slovenia

     
 
  080 17 70  
Contact Us
 
 
OTP Banka OTP Banka OTP Banka
Legal notices Privacy Policy Sitemap
 
OTP Banka OTP BankaOTP BankaOTP Banka