Remittance, collection, and letter of credit (L/C) are the three payment mechanisms that are typically used in the settlement of international trade. The L/C is the most popular and effective financing option out of the bunch. The L/C is a type of bank credit where the issuing bank acts as an intermediary for payment and document delivery and assumes the role of the importer in the event of importer default. Issuing banks make it easier for buyers and sellers to finance transactions, which supports global trade. These services are provided to importers by JYRCB.