Personal > Foreign exchange > Letter of credit Drafts Documentary collections Letter of credit Foreign currency accounts (FCA) Overview Travellers cheques Foreign notes Foreign receipts and payments   This is the most secure way to ensure your goods will be paid for by the importer and for the exporter to ensure payment of goods supplied to you. A letter of credit also known as an L/C or documentary credit is a conditional guarantee of payment by a bank on behalf of the importer in favour of an exporter provided that all terms and conditions are met.   Conditions of access | Disclaimer | Privacy and security statements