A Documentary Credit (also known as a letter of credit) is an irrevocable undertaking issued by a bank at the request of an importer to make payment for goods to an exporter upon presentation of specified documents that comply with all terms and conditions stipulated in the Documentary Credit.

From the exporter’s perspective, the Documentary Credit transfers any payment risk from the importer to ANZ. It is considered to be the most reliable and secure way that an importer and an exporter can protect their interests and minimise their respective risks in a trade transaction.

Benefits for Importers

Benefits for Exporters

For more information on ANZ Trade and Supply Chain Finance solutions please contact the Trade Finance Desk via e-mail tradebb or phone 1300 269 487

For more information on how ANZ can help you grow your business internationally please visit the ANZ Be Trade Ready site.