Wolfgang Zulauf

 Many small businesses have been dealing with multiple currencies, but through their domestic bank account with more hassles and less convenience. In such a scenario, having a corporate offshore account can help you deal with multiple currencies without having to pay remarkably higher conversion charges.  Some offshore banks, such as SUISSE BANK  PLC, also provide the option of blockchain banking. This empowers small businesses like you to trade in top cryptocurrencies like Bitcoin, gives you an opportunity to cut down on your costs and ensure long-term solvency. Ethereum, etc. And they do not just provide the option to buy or sell multiple cryptocurrencies but also aid in crypto storage, conversion and liquidation.

 Documentary Letter of Credit is an international trading mechanism wherein an issuing bank, on behalf of the importer or buyer, guarantees to make payment to the seller when all the goods are delivered properly and with required documentation, having precise information. The documents should strictly comply with what is mentioned in the letter of credit and “substantial compliance” is not enough. The Documentary Letter of Credit Provider (issuing bank) such as SUISSE BANK  PLC guarantees payment depending on the performance and conformity by the supplier. Simply put, it is a primary payment method wherein the seller’s interest is well-protected through guaranteed payment. However, to claim the payment, the exporter has to fulfil the conditions and present necessary documents as specified in the letter of credit.