The Documentary Credits operations are governed by the 'Rules and Uniform Usances Relating to Documentary Credits
'. These laws, decreed by the International Chamber of Commerce
, are regularly revised and updated.
credit, allows while minimising risks to obtain, guarantees for the
payment of the amount due. It is a written commitment taken by the bank
on behalf of its client, whether buyer or contractor, to pay the amount
to the vendor or beneficiary, within a prescribed period of time and on
the presentation of the stipulated documents.
1984, Banque Misr Paris has aimed at participating to the development
of international trade between Egypt, Europe and France.