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.
Documentary Credit, while minimising risks, guarantees the payment of
the debt. 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.
Since 1984, Banque Misr Paris aimed at participating to the development
of international trade between Egypt, Europe and France.