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Home > Corporate Business > Transaction Banking > Supply Chain Financing > Domestic Letter of Credit
发布时间:2017-10-26
[Definition of product]
[Domestic letter of credit] of Guangzhou Rural Commercial Bank refers to our bank’s commitment to pay for documents in accordance with the application of the buyer or service recipient in domestic transactions. Domestic letter of credit is a letter of credit service priced in RMB and applicable to trade of commodities and services between domestic enterprises and institutions.
[Scope of application]
It is applicable to enterprises and institutions engaged in trade of commodities and services.
[Functional characteristics]
◇To guard against transaction risks;
◇To provide settlement methods;
◇To ensure the authenticity of transaction;
◇To guarantee financing convenience.