Bank Letter of Credit Policy

Bank Letter of Credit Policy

Standards allowing banks to confirm letters of credit by foreign banks supporting the purchase of US exports.

Bank Letter of Credit Policy

An insurance policy the Export-Import Bank offers to U.S. banks guaranteeing payment on letters of credit written by foreign banks. This reduces the political risk, and other risks, associated with honoring letters of credit from foreign countries. As such, the bank letter of credit policy facilitates international commerce.
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Certain provisions of the policy (reporting and claim filing periods) will be aligned to those of the Bank Letter of Credit policy.