Personal > Foreign exchange > Letter of credit Drafts Documentary collections Letter of credit Foreign currency accounts (FCA) Overview Travellers cheques Foreign notes Foreign receipts and payments   This is the most secure way to ensure your goods will be paid for by the importer and the most secure way for the exporter to ensure payment of goods supplied to you. A Letter of Credit (commonly referred to by its acronym L/C or Documentary Credit) is a conditional guarantee of payment by a bank on behalf of its customer (importer) in favour of a beneficiary (exporter) provided that all terms and conditions stipulated in the Credit are met.   Conditions of access | Disclaimer | Privacy and security statements