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Business · Trade Finance
Letters of Credit
Pay overseas suppliers with confidence - and give them the certainty they need to ship. Trade finance through correspondent banks worldwide.
Trade with confidence
Assurance of payment, both ways.
We offer letters of credit that provide assurance of payment to help your company conduct business - especially with companies you may be doing business with for the first time.
How it works
Four steps to a guaranteed payment.
- 1
You apply
Tell us about the transaction - buyer, seller, value, shipping terms, documents required.
- 2
BON issues the LC
We send the letter of credit to the supplier's bank, confirming we'll pay against compliant documents.
- 3
Goods ship
The supplier ships and presents shipping & commercial documents through their bank.
- 4
Payment is made
BON verifies the documents and remits payment - and your goods are released for collection.