Choose province (Canada) or state (United States), and language

Online services – AccèsD, AccèsD Affaires, online brokerage, full service brokerage.

Log on to Desjardins online services.
 

You are here: Home > Business > International services > Import and export > Import letters of credit

Your browser is configured to not accept cookies. Some features of the site are not available or will not work correctly without cookies. Also, some information presented might not apply to your situation.
See How to enable cookies

Your browser is not supported by our website. Some features of the site are not available or will not work correctly.
See the procedure to update your browser.

Microsoft Edge causes problems on AccèsD. To fix the issue, please install the most recent Windows update.

Import letters of credit

An agreement between financial institutions to pay sellers for international commercial transactions based on documents and not the merchandise or service involved.

Ensures you, as the importer, that your contract will be honoured.

How it works

At your request, your Desjardins caisse commits in writing to pay your supplier 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

Payment options

  • Letter of credit payable at sight: payment is made upon presentation of the documents requested.
  • Letter of credit payable on term: payable at a determined future date after presentation of the documents requested

Advantages

  • Makes purchasing goods and services abroad easier.
  • Guarantees you can pay suppliers.
  • Letters of credit are forwarded quickly via our international network.
  • Your letters of credit are processed by Caisse centrale experts, many of whom are Certified Documentary Credit Specialists (CDCS).

For incoterm (International Commercial Terms) definitions, visit the International Chamber of Commerce site.

Did you know?
You can also use LC Express to process letters of guarantee directly online. Learn more about the online letter of credit service.

Toolbar