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.