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2. Reasons for wide popularity of letters of credit among international traders! Letters of credit are a popular service among people who are in the international trading business. Letter of credit is a widely known term in the international trade business. It is a document from a bank about the payment guarantee to the seller. In it, a bank ensures that payment of the goods will reach the seller on time. Also, called the bankers' commercial credit, it is the best economic guarantee to an exporter of goods. Most of the importers and exporters are opting for letters of creditbecause of its immense benefits. Let's have a glance at the reasons for the popularity of letters of credit products. No risk to the seller In case of non-payment, the seller doesn't have to take tension because rick is on the bank end. Apart from this, letters of credit also guarantee the arrival of payment to sellers on time. Sellers can get financing even between shipment of goods and payment arrival for increasing or smoothing the cash flow.

3. Assured payment  The great part of the credit of the letter is that even in case of disputable transactions, the exporter can withdraw funds as agreed on it. And, the dispute can be solved in court later but the exporter doesn't have to wait for the payment till then. Customizable One of the reasons why buyers and sellers choose letters of credit is it is highly customizable. For a particular transaction, both parties can agree to a mutually acceptable set of the payment term. It is wonderful for the overseas buyers and gives them the flexibility of deciding whether or not they want shipment of goods.

4. Fast and secure Letters of credit is a fast and secure service. One can apply it even in hurry and with the right company, it would be processed on the same day. A good company prepares all the necessary documents and submits them on time for a smooth business process. Also, it is ideal for providing security for both parties i.e. seller and buyer. For reliable trade finance services, you can visit the Oxford Invest Bank. It is the trusted bank that offers other finance-related services for facilitating smooth international trade. This bank is known as one of the best proof of funds providers. If you are interested in avail of such service from this bank, just visit the website and contact the professionals. If any doubt, just ask them and grow your international business with this bank.

5. Thank You For Visit Website:- https://oxfordinvestbank.com// Address:- info@oxfordinvestbank.com