Royal Pacific Bank is the leading financial service provider in Malaysia, Thailand ,Philippines, Dubai , Indonesia , Singapore , India and Oman. We provide letter of credit, standby letter of credit, trade finance, project finance, Startup funding and loan services with transparency .All the services are given under the supervision of experts which gives fast and convenient experience to our clients. We support financial relations by providing reliable services.
A Usance Letter of Credit is payable at a predetermined time after the presentation of required documents. It is why this trade financing arrangement is popular as Time LC or Term LC as well. It gives the buyer a grace period for payment as the buyer receives ordered goods immediately, but pays back the bank later on a decided date.