​In international trade, letters of credit (ILC or L/C) and bills of exchange (B/E) are used by companies and banks as payment for export orders. The two means of payment are internationally recognised and straightforward to use.

When your company receives a letter of credit or a bill of exchange from a foreign buyer or bank, you can ask your bank to finance it. In doing so, the bank assumes the risk that the foreign buyer or the buyer's bank defaults on payment for whatever reason. With a financing guarantee, EKF indemnifies the bank when it finances the credit extended to the buyer or the buyer's bank.