Documentary credits
This structured and secure financing solution minimises the risks of non-payment, substandard goods, and disputes over product quality.
Documentary Credits is a method of payment where the buyer’s bank guarantees payment to the seller (exporter/beneficiary) with the condition that the seller fulfils the terms specified in the L/C. Perfect for new trade relationships, high-value transactions, custom-made goods, or projects where payment is made based on progress or deliveries. Documentary credits help bridge the working capital gap and improve cash flow. With our expertise, you can navigate the complexities of global trade with confidence, ensuring timely payments and successful outcomes.
Minimise risks associated with non-payment, substandard goods, and disputes over product quality
Adapt your financing to suit new trade relationships and high-value transactions while enhancing cash flow
Under the rules of the International Chamber of Commerce (ICC), providing a structured and secure environment for your trade.
Maximise your trade potential with documentary credits
Better cash flow
Improve your cash flow by ensuring payment is made only after goods have been shipped, allowing you to maintain liquidity and invest in your business operations.
Flexibility and efficiency
Negotiate longer credit terms with sellers, giving you the flexibility to manage payments effectively while maximising your financial resources.
Elevate your international trade with ING
Experience the security and efficiency of our documentary credits to streamline your trade transactions and mitigate risks. Discover how ING can empower your business to engage confidently in global trade and maximise your cash flow.
Contact your ING representative to know more.