Our payment guarantee instruments
In import-export operations, using payment guarantee instruments issued by International Banks offers you the opportunity to obtain payment security and extended settlement times.
With competitive issuing cost rates and no collateral requirements on your part, DITEX makes it easy for you to obtain these bank guarantees from internationally recognized Banks accepted by European, American and Asian suppliers.
Letter of Credit (LC): At Sight, USANCE, DLC
A letter of credit (LC) is a financial document issued by a bank on behalf of a buyer (the applicant) to guarantee payment to a seller (the beneficiary) upon the fulfillment of certain conditions. We are here to consult with you and guide you throughout the process, offering you timely letter of credit services and helping you gain control over transactions.
Standby Letter of Credit (SBLC)
A standby letter of credit (SBLC) is a document from a bank or financial institution or direct standby letter of credit providers that guarantees payment for a client. With years of experience in the industry, we are experts in providing direct & reliable SBLC services for businesses of all industries and all sizes.
Block Fund MT799
Block Fund refers to money that is held or frozen in an account and cannot be accessed or transferred until specific conditions or requirements are met. This process is commonly used in international trade, real estate transactions and large financial operations to guarantee the availability and protection of funds.
Proof Of Funds (POF): RWA, BCL
Receive proof to show your intent and capability to enter into a financial transaction fast. We ensure you a prompt BCL (Bank Comfort Letter) and RWA (Ready Willing and Able) message services guiding you through the process from start to finish. With this, the other party or the parties will easily be able to get ensured of financial capability required for the transaction is procurable and legitimate.
Bank Guarantee (BG)
Bank guarantee is a guarantee issued by a bank or a financial institute to reduce risks in transactions for both parties involved in the transactions in case of a contract breach. In an event of a contractual obligation of the seller/ exporter or a payment obligation to the seller/importer, the bank or the financial institute guarantees to indemnify the recipient against the
contractual obligations of the exporter or the importer.
Performance Guarantee/ Performance Bond (PB)
Performance Guarantee is an assurance issued by a financial institute for meeting all the performance terms and conditions of the contract by the contractor. With this, the client gets better security to guarantee job completion. If the contractor fails to perform all their obligations under the contract, compensation is guaranteed for the client for their monetary losses.