Once the requirements regarding the documents necessary to release your letter of credit have been fulfilled, Travelex Bank issues a notice to your company on the availability of this document so that its export process can be completed.
PRODUCT INTENDED FOR
- The importer sends the Letter of Credit in favor of the exporter to Travelex Bank, which notifies the exporter (Letter of Credit Notice)
- The exporter delivers shipping documents to Travelex Bank (Letter of Credit Trading) and refers it to the foreign bank
- The foreign bank makes the payment in foreign currency
- Travelex Bank notifies the exporter about payment, which closes the exchange and receives in Brazilian reais
*Upon prior consultation.