Documentary letter of Credit

Documentary credit constitutes a bank’s....

Documentary credit constitutes a bank’s official commitment to pay a certain sum of money to the merchant of a commodity or services, on condition that the client submits the required documents verifying the exchange of commodities or services within the period and corresponding to the terms specified in the documentary letter of credit. Cyrus Bank offers documentary credit services in the shortest possible term based upon International Chamber of Commerce's Uniform Customs and Practice for Documentary Credits (UCP) and the regulations set by the Central Bank of Islamic Republic of Iran. Extensive rich experience as well as strict meticulousness of Cyrus Bank staff can guarantee the best consultations, reduction of costs, and saving clients’ valuable time.