Trade Finance

Documentary letters of credit are undertakings made by a bank, either at the request of an applicant or on its own behalf, to pay a specified amount in an agreed currency to a beneficiary, provided that the beneficiary presents the required documents within a time limit. The beneficiary must fulfill his obligations and comply with the terms and conditions of the contract concluded between the applicant and the beneficiary.

Bank Pasargad, in compliance with the Central Bank of the Islamic Republic of Iran´s FOREX Regulations and By-laws, is prepared to provide documentary letters of credit available by sight or deferred payment. We are also ready to negotiate and advise credits.

Bank Pasargad branches throughout the country are ready to accept applications for issuance of documentary letters of credit. All credits are handled according to the latest version of the UCP.