Investopedia / Jiaqi Zhou A bank letter of credit policy is a guarantee by a U.S. bank that a buyer in a foreign transaction will be paid. This type of credit letter has become a routine part of ...

Image source: Getty Images. A letter of credit is a document that a bank can issue to a manufacturer or other large seller of goods to guarantee that a buyer is able to pay their bill on time.

Credit Bank of Moscow is a universal bank that engages ... overdraft lending, factoring, leasing, letters of credit, guaranties, corporate deposit taking, settlements and money transfer, and ...

This new facility is additive to the $185 million of existing corporate Letter of Credit capacity which Doral maintains. HSBC acted as Sole Arranger and Issuing Bank for this new facility.