Payments against documents

Quite a number of business transactions are abandoned due to mistrust towards a business partner: will he be able to fulfil his obligations properly and in due time and to pay for the goods or services. Furthermore, it is not always possibly to verify the partner's reputation and financial standing of, in particular if a transaction with a foreign entity is contemplated.

Danske Bankas offers effective measures to avoid financial difficulties in problem situations, which also lend reputation and reliability to your company.

Documentary Credit	Documentary Collection	Escrow Agreements
The bank assumes, at the buyer's request, liability of payment to the seller subject to submission of documents meeting the terms and conditions of a letter of credit	Payment operation whereby the bank, acting on behalf of the seller, transfers to the buyer commercial/financial documents in exchange for payment under these documents	Transfer of control over a commercial transaction to the bank: the buyer is guaranteed that in case of failure to fulfil contractual obligations by the seller, the buyer will recover its advance payment, while the seller has the bank's letter or commitment.

• Provide any necessary financial and legal consulting to ensure that documentary payments are made on conditions most favourable to you.
• Arrange for granting a credit line to you if necessary.