Trade Finance Services

Letters of Credit1

A letter of credit is a document that Popular Bank issued to guarantee a payment. The main purpose of a letter of credit is to provide security to the buyer and the seller in an international trade transaction. A letter of credit represents a payment instrument that constitutes a definite bank undertaking to pay the seller / exporter / beneficiary upon the presentation of documents in accordance with the terms and conditions of the credit. There are several types of letters of credit depending on the purpose of the transaction.

Documentary Collection1

Popular Bank will act as a collection agent in your international trade transactions. We will submit the collection of documents, according to your instructions, to obtain acceptance or payment for sold merchandise or negotiable instruments.

Documentary Collection

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