Letter of Credit


The customer of the bank can deliver documents in Multicash DTALC - format corresponding to the SWIFT - Messagetypes MT700 / MT707 / MT799. In IBP the L/C is automatically opend or amended. The way of payment with the corresponding Bank is added automatically. The SWIFT messages MT700/MT701/MT707 are generated after the control of the transakction. IBP generates all necessary accountings for the L/C. The payment incl. fee calculation is done automatically after the check input. The maturity control is encluded.

IBP Wechselgeschaeft

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