Guarantees, letters of credit, and collection transactions
Protect yourself from risks with our professional supportGuarantees
Guarantee is a security instrument by which the Bank guarantees that the guarantor will fulfill all obligations to the beneficiary stated in the guarantee within the agreed time. If the contractual obligations are not fulfilled, the Bank, upon the first demand of the beneficiary, undertakes the obligation to pay the defined amount stated in the guarantee.
ALTA bank issues:
Letters of credit
A documentary letter of credit is a payment instrument in international trade that enables a safer exchange of goods while at the same time protecting the interests of the buyers and the sellers. The buyer ensures that the goods purchased are received on time and are of the appropriate quality, while the seller ensures that payment will be secured for the sold goods and services.
Documentary collection
Documentary collection is an instrument used in international trade and involves the acceptance of documents for payment and sending documents for collection.