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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

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