An agreement between financial institutions to pay the seller for international commercial transactions based on documents and not the merchandise or service involved.
Guarantees that you, as the exporter, will receive payment for your transactions.
At the request of your client (the importer), a foreign financial institution commits in writing to pay you a specific amount within a given time period once it has received the documents specified in the letter of credit. Find out how documentary credit works
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Make an appointment with an advisor at a caisse.
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(Members and non-members) |
Make an appointment with an account manager at a Desjardins Business Centre.
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Money working for people
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