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tcm:9-42003

Buyer/Seller Protection

Letters of Credit protect buyers and sellers when they face uncertainties over creditworthiness, language, currency differences, or trade practices.
  • Buyers mitigate risk because Letters of Credit state the precise documentary terms and conditions sellers must meet before payment can be made
  • Sellers mitigate risk because Letters of Credit substitute the buyer's creditworthiness with a bank's undertaking to pay the seller upon compliance with stated documentary terms and conditions

Payment Terms

  • Sight Letters of Credit require payment upon presentation of seller's documents that are compliant with the terms of the Letter of Credit
  • Time (usance)/deferred payment Letters of Credit allow the buyer to defer payment for a specified time after presentation of compliant documents
tcm:9-41744 Trade Finance

Southern California
Jack Vigil, 1-213-236-5038
Cristina Purugganan, 1-213-236-5372

Northern California/Pacific Northwest
Craig Schumann, 1-925-947-2438

Retail/Business Bank Trade Finance
Quentin Lo, 1-213-236-4061

Manager
Antony Chisholm, 1-213-236-7982
Trade Operations Manager
Benedicto (Ben) Cortes, 1-323-720-2270
tcm:9-42056
Letters of Credit Service
Streamlined Letters of Credit Services Online
Efficiently manage Letters of Credit online and to receive fast notification of trade activity.
tcm:9-41993
Foreign Exchange
Foreign Exchange
Manage your exposure to risk and protect profit margins. Foreign exchange strategies and services help strengthen your competitive global position.