Documentary credits

1. Export Letters of Credit:
   Advice / confirm / Amend / Pay letters of credit related to export activity.
   Processing transferrable L/Cs and Back-to-Back L/Cs.
2. Import Letters of Credit:
   Issue / Amend / Pay letters of credit related to import activity.
3. Standby Letters of Credit:
   Issue / Advise / Amend Standby L/Cs related to import and export activities.
4. Discounting Import and Export L/Cs
5. Acting as a Reimbursing Bank, and Issue Irrevocable Reimbursement Undertakings.
6. Advise/process assignment of proceeds request under letter of credits.

Bank guarantees

1. Issue/Amend all kinds of local bank guarantees ( Bid, Performance, Advance payment, Retention, Maintenance, Customs, Payment and shipping guarantees ).
2. Issue/Amend all kind of bank guarantees in favor of beneficiaries outside Jordan.
3. Issue/Amend all kind of bank guarantees against counter guarantees received from correspondent banks.
4. Advise/amend bank guarantees without any responsibility received from correspondent banks around the world.
   

Bills for Collection:

1. Collection of bills related to export activities.
2. Collection of bills related to import activities (in addition to avalisation).

 

Note: All of the above terms and conditions are subject to CAB’s Credit Facilities policies.