An export documentary credit is a commitment given to you as the exporter by the buyer’s bank (the Issuing Bank) that they will make payment to you upon presentation of a pre-agreed, specified set of documents to a nominated bank. If you want to remove the risk of non-payment by the Issuing Bank, and other risks associated with the importing country, you can request adding confirmation to the document by a prime bank.
Ensure you'll be paid for the goods you export, even if your customers can't make a payment on time (or at all). You can benefit from expert advising and confirmation services, expedite payment while still extending credit to your buyers. With HSBC Bank Armenian’s export documentary credit solutions, you enjoy greater payment assurance under the documentary credit and benefit from greater visibility and control with access to comprehensive suite of processing and payment services.