Letter of Credit

If you are a real person or body corporate registered with the tax office, or a partnership having no body corporate status but authorized to make legal dispositions under the legislation, you can have your import or export transactions carried out by GarantiBank employing a specialist team and a wide network of correspondent banks.

In this case, GarantiBank will determine for the purchaser whether:
- The letter of credit conditions have been fulfilled or not,
- Payment will be made to the seller or not,
- The goods will be delivered on time or not,

And provide for the seller:
- Payment guarantee
- Financing facility.

Cheques Payable in Foreign Currency

You can transfer money abroad without going through remittance formalities.
You can make out cheques in a foreign currency payable to real persons or corporate entities located abroad.

Customers must deposit the relevant amounts with GarantiBank in order to make out such cheques.

Cheques Made Out in Foreign Currency

You can make out cheques against your foreign currency account, with cheque books printed in English.

Customers must have a foreign currency account with GarantiBank in order to make out such cheques.

Forwards

This foreign currency sale and purchase transaction enables you to prepare a positive profit projection in an ever-changing and risky market.

Receivables or payable incurring in a foreign currency will be processed in the same currency, protecting you against foreign exchange rate fluctuation risks.

Top of the Page