YOUR BANK IN MALTA
Letters of credit
Make the most of versatile payment using letters of credit. Ideal for corporations looking for a more secure settlement.
Get additional assurance when trading internationally
Ensure additional independent assurance when trading, so you’re guaranteed a trouble-free exchange of goods for payment.
Get additional assurance when trading internationally
Ensure additional independent assurance when trading, so you’re guaranteed a trouble-free exchange of goods for payment.
Receive dedicated support from BOV specialists
Get assistance from our team of highly trained and experienced trade finance specialists to ensure your international deals go off without a hitch.
Receive dedicated support from BOV specialists
Get assistance from our team of highly trained and experienced trade finance specialists to ensure your international deals go off without a hitch.
Benefit from a range of services unique to your needs
Depending on your professional needs, we’ll provide additional services to help make the entire process easier for you.
Benefit from a range of services unique to your needs
Depending on your professional needs, we’ll provide additional services to help make the entire process easier for you.
More details
What are letters of credit?
Letters of credit are legal documents in which the bank promises to cover the buyer's payment to a seller if the buyer cannot make the payment when it's due to add a level of transactional security. This is subject to the buyer having an approved facility.
What services will I receive from BOV with a letter of credit?
We provide specific services for different parties:
What are the benefits of using letters of credit?
There are multiple benefits of using letters of credit for both importers and exporters: