Risk management and financing
Documentary credits enable Northern Bank to help you reduce the risks of international trade in additional ways - regardless of the issuing bank’s abiity to pay or political restrictions.
Confirmation
Northern Bank will endeavour to confirm the documentary credit at the request of the issuing bank. This ensures that you will receive payment when you comply with the requirements of the documentary credit irrespective of the issuing bank and the country.
Silent confirmation
Even if the issuing bank does not request Northern Bank to confirm the documentary credit, the Bank can usually offer you a silent confirmation. This puts you in exactly the same position as if the documentary credit had been confirmed.
Financing
If you have granted your buyer extended credit (deferred payment) but you would like payment immediately, Northern Bank will endeavour to discount the draft under the documentary credit at a competitive rate.
Contact
Get in touch with your local branch:
Find your branch
.