Letter of Credit

A Letter of Credit (LC) is a written undertaking issued by a bank on behalf of its customer in favour of the beneficiary to pay a certain sum of money against presentation of stipulated set of documents that comply with the terms of the LC. Under an LC, the creditworthiness of the bank replaces that of the customer. ICICI Bank issues, amends and pays sight and usance letters of credit. Customers can benefit from our expertise in structuring the instruments in the best manner.

Import Bill Collections

Documentary Collections are a common and flexible mode of payment for goods purchased from domestic or overseas suppliers. It involves handling of documents by bank in accordance with the collection instruction received from remitting bank. Customers can rely on our expertise in efficient and prompt handling of Import collection documents.

Trade Credit

Trade Credit is an essential tool for financing your imports. We at ICICI Bank, address your working capital gap through import financing solutions in foreign currency through Buyers/ Suppliers Credit at competitive rates.