Used in international transactions, this means of payment is currently limited in Algeria by exchange regulations to producers of goods only.
Our bank is the intermediary agent between the buyer and the seller to deliver the commercial documents to the importing customer against payment (cash payment) or against acceptance of a draft (payment on maturity).
Companies producing goods and services can pay for imports of equipment and other products used for production as well as strategic products of an emergency nature by documentary rebate or documentary credit.
