عدد التعاملات البنكية المستخدمة بين المودرين...

Dear customer, to make it clear to you that the dealings between the supplier and the buyer are a direct relationship and the banks are not considered a party to it.
However, banks are used as guarantors to facilitate the implementation of these commercial transactions through a set of services they provide, and these services do not require the bank to contribute its own funds and any service provided depending on the balance of the customer's bank account and the credit relationship between him and the bank, and these services charge the bank in return for providing commissions and fees, and not loans or financing.
Banking services to ensure commercial operations are of two main types only with all types of banks, whether interest-based or Islamic, and they are as follows:
Documentary Credits:
It is a written undertaking issued by a bank (called the exporter) at the request of the buyer (the applicant or the instructor) in favor of the seller (the beneficiary). Under it, the bank is obligated to fulfill within a specified amount within a certain period whenever the seller submits the commodity documents in compliance with the instructions of the credit conditions. The bank’s obligation may be to fulfill in cash or accept a bill.
Types of documentary credits
1. Classification of credits in terms of the strength of the issuing bank's commitment
- Revocable accreditation
- Hyperbolic dependence
2. Classification of credits by the strength of the correspondent bank's commitment
- Unconfirmed L / C
- Enhanced hyperbolic dependence
3. Classification of credits in terms of the method of payment to the beneficiary seller
- Informed accreditation
- Acceptance approval
- Payments approval
4. Classification of credits in terms of the method of paying the buyer who orders the opening of the credit
- Totally covered accreditation
- Partially covered accreditation
- Accreditation not covered
5. Classification of appropriations in terms of form
- Transferable credit
- Circular or renewable dependence
- Accreditation-back
6. Classification of appropriations in terms of their nature
- Export approval: is the credit that a foreign buyer opens in favor of the exporter at home to buy what he sells of local goods.
- Import approval: is the credit that the importer opens for the exporter abroad to buy a foreign commodity.
Letters of Guarantee:
It is a letter of commitment or commitment issued by one of the banks on behalf of the bank’s customer in favor of the other party (the beneficiary) and for a specific period of time in which the bank is obligated to pay the value of the letter of guarantee as soon as the beneficiary is requested to do so and return the original letter of guarantee without referring to the customer and without any condition, restriction, or extension of the letter of guarantee, if the beneficiary requests the extension during the validity period of the letter of guarantee
Types of letters of guarantee:
- Initial letter of guarantee
- Final letter of guarantee
- A letter of maintenance guarantee
- Advance payment guarantee letter (finance letter of guarantee)