Documentary Credit Process - Flow

Seller Exporter
A D V I C E O F L C
P A Y M E N T / F I N A N C E

Agreement b/w both parties on terms and condition

Buyer Importer

Shipping Docs D O C U M E N T S

Delivery of Goods on Doc Presentation R E Q U E S T L C

Goods / Services Shipment

D O C U M E N T S

P A Y M E N T S

Advicing Bank / Negotiating & Confirming)

Reimbursements / Payments

Documents as per LC Terms

LC Issuance / SWIFT

Issuing Bank / Paying Bank (+)

(+) a. b. c. d.

At Advicing Bank SWIFT STP Advicing LC/ Payments to Beneficiary As Confirming bank, confirm LCs As Negotiating bank provide trade loans

(+) a. b. c. a. b.

Issuing Bank Front Office Level 1 Document Verification Imaging / Scanning Customer Correspondence Issuing Bank Back Office Document Verification / Discrepancy Tracking SWIFT / Payment Processing