Documentary Operations

Aizkraukles Banka actively works in the field of documentary credit operations, providing its customers with easy and beneficial terms for import-export operations and trade finance. We execute operations using documentary letters of credit, documentary collection, and bank guarantees.

Our customers have an opportunity to get the following services:

• consulting at the stage of choosing the best form of payment, which allows exporters and importers to minimize risk in international trade;
• opening bank guarantees and import documentary letters of credit, including stand-by letters of credit;
• confirmation of letters of credit and guarantees by Aizkraukles Banka and by other European and American banks;
• advising of export letters of credit and guarantees;
• checking of documents and carrying out payments on letters of credit in favour of exporters;
• transferring of letters of credit;
• preparing and issuing of assignment of proceeds on letters of credit;
• carrying out collection operations;
• financing using documentary credit operations.