Zagrebačka banka d.d.
Letter of credit by Zagrebačka banka d.d.
A documentary letter of credit represents an obligation of the bank acting at the request of the buyer to effect payment of goods or services, in favor of the supplier within the agreed time, following the presentation of documents in accordance with the terms and conditions of the letter of credit.
Payment by means of a letter of credit may be arranged in both international and domestic business.