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L/C guarantee

​With an L/C (letter of credit) guarantee from EKF your company will be able to arrange for your bank to participate in payments by letter of credit in countries and in markets where it would otherwise be unwilling to accept the risk. The L/C guarantee indemnifies your bank against the risk of loss when the credit period is up to 24 months.
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Advantages of L/C guarantee

​An L/C guarantee from EKF allows you to cultivate new markets where the bank would otherwise not assume the risk.

Once the bank has taken out an L/C guarantee with EKF, the bank can confirm an L/C to a foreign bank. You can then fill your export order and receive money for it from your bank. If your bank does not receive money from the foreign bank, EKF pays compensation to your bank.
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