Exportation Letter of Credit
After the demands of the necessary documents for the clearance of your letter of credit are met, Confidence will notify your company about the availability of this document so that your exportation process can be concluded.
Check out below how the Confidence letter of credit works.
With Confidence Currency Exchange, you have total security in your operations.
HOW IT WORKS:
1) The Importer sends the letter of credit favoring the Exporter to Confidence Currency Exchange, who notifies the Exporter (Letter of Credit Notification)
2) The Exporter delivers the shipping documents to Confidence (Negotiation of the Letter of Credit) and sends it to the foreign bank;
3) The foreign bank makes the payment in foreign currency;
4) Confidence Currency Exchange notifies the Exporter of the payment, who closes the exchange rate and receives the money in dollars.