Saudi Arabia
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Import Dcumentary Credits
Why is this payment method right for you?
You may be entering a new relationship with a supplier or you may be dealing with a supplier located in a market which you perceive as risky.
An import documentary credit:
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Ensures a supplier has met your terms and conditions before you pay them.
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Strengthens your negotiating position by offering a guaranteed payment.
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Can be used to improve cash flow
Other Benefits
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Protects you and your supplier's interests.
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Can be used to increase the credit period a supplier is willing to give
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Documentary Credits issued by SABB, an HSBC Group member, will be widely accepted as payment assurance by suppliers and their banks
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Can be used in place of deposits and advances financed by import loans, overdrafts or your own cash reserves
How Documentary Credits Work
A Documentary Credit is an undertaking by a bank to pay a supplier for goods or services within a prescribed time limit as long as clearly defined terms and conditions have been met.
Ready to apply?
Now
Or..
- Visit the nearest Branch...
- Call us..on Toll Free: 800 124 5666 within the Kingdom or +966 (0)1 405-2066 from a mobile/abroad
- Register in SABBNET "Internet Banking Services" and enjoy preferential fees
