Let Barclays help secure your transactions and improve your cash flow by receiving export letters of credit on your behalf. Once we receive a letter of credit from your buyer’s bank and you meet the conditions of the letter, you will be paid out for your goods.

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How it works

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What you get

By appointing Barclays to receive your export letters of credit, you can enjoy the following benefits:

  • Receive payment in a secure and fast way
  • Manage your cash flow better with a known payment date, currency and amount
  • Strengthen your trading relationship by offering better credit terms to overseas buyers
  • Bank confirmation can be added upon request
    • Takes away the risk of default by the buyer, bank and country risk
    • Gives you access to finance solutions both before and after actual shipment has taken place 
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What you need to know
  • Export letters of credit are advised within 24 to 48 hours of receipt
  • You must meet the terms of the letter of credit and submit all required documents before you can receive payment
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Need more help?

Call:

Tel: +233 (30) 2429150
Toll free: 0800 222333

Email:

service.excellence@barclays.com

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