Commercial Services

Documentary credits

  1. Export Letters of Credit:
    Advice / confirm / Amend / Pay letters of credit related to export activity.
    Processing transferrable L/Cs and Back-to-Back L/Cs.
  2. Import Letters of Credit:
    Issue / Amend / Pay letters of credit related to import activity.
  3. Standby Letters of Credit:
    Issue / Advise / Amend Standby L/Cs related to import and export activities.
  4. Discounting Import and Export L/Cs
  5. Acting as a Reimbursing Bank, and Issue Irrevocable Reimbursement Undertakings.
  6. Advise/process assignment of proceeds request under letter of credits.

Bank guarantees

  1. Issue/Amend all kinds of local bank guarantees ( Bid, Performance, Advance payment, Retention, Maintenance, Customs, Payment and shipping guarantees ).
  2. Issue/Amend all kind of bank guarantees in favor of beneficiaries outside Jordan.
  3. Issue/Amend all kind of bank guarantees against counter guarantees received from correspondent banks.
  4. Advise/amend bank guarantees without any responsibility received from correspondent banks around the world.

Bills for Collection:

  1. Collection of bills related to export activities.
  2. Collection of bills related to import activities (in addition to avalisation).
  3.  

    Note: All of the above terms and conditions are subject to CAB’s Credit Facilities policies.