Letter of Credit


Letter of credit is a popular and convenient means to effect payments in domestic and international trade. The issuing bank undertakes to make good the value of goods /services upon submission of documents as stipulated in the letter of credit. In this way, the seller is assured of timely payment and the buyer is assured of timely delivery of goods / services in the required manner.

MBI offers such facilities to its clients for both domestic as well as international trade.

Humanising Financial Services Across Asia.