Letters of Credit, Guarantees, and Trade Finance Instruments
Trade finance plays an essential role in supporting import, export, and procurement activities in Iraq. Banks issue letters of credit, performance bonds, advance payment guarantees, and standby letters of credit to facilitate contractual and supply chain performance.
Primary Trade Finance Instruments
- Documentary Letters of Credit (LCs)
- Standby Letters of Credit (SBLC)
- Performance Guarantees
- Bid Bonds and Advance Payment Guarantees
- Collections and Confirmations
Risk and Compliance Considerations
- Counterparty and credit risks
- Sanctions and dual-use compliance
- Documentation and sovereign exposure
How Etihad Can Assist
Etihad provides legal and regulatory advisory services to banks, financial institutions, and businesses, supporting compliance with applicable laws, regulations, and regulatory guidance issued by any competent authorities.