"Stand
By" Letters of Credit
“Stand
By” Letters of Credit are secondary payment mechanisms established
to guarantee payment on a contract or other obligation. It is used only
in case the buyer fails to make payments in accordance to the terms
established in the letter of credit and allows the seller to draw payment
from the issuing bank.
View
details on your Letters of Credit through our On-Line Business Banking (Banca en Línea Comercial) service,
24 hours a day, from anywhere in the world.
Take
advantage of our Letters of Credit today and provide your company with
more opportunities to grow! Call (507)303-5001 and our experienced Foreign
Trade staff will guide you towards the best financial alternative for
your business.
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