Features and Benefits

• The importer ensures that payment will only be undertaken if the exporter complies with the terms and specifications of the letter of credit.
• Security to the Exporter if there are risks involved or political concerns.
• Immediate notification to importer upon receipt of documentation.
• Importer improves his negotiating position through Al Rajhi Bank’s payment guarantee.

Transaction Mechanism

Al Rajhi Bank issues, amends, confirms and pays both sight and acceptance letters of credit through its extensive network of correspondent bank relationships