Cross-border trading entails a higher risk than domestic trading. Furthermore, the importer focuses his attention primarily on timely supply in the agreed quality and quantity, while the top priority of the exporter comprises timely payment in accordance with the agreement.

Letters of credit, collection and guarantees are important instruments for safeguarding cross-border transactions between importer and exporter. Drawing up documents that are in accordance with the terms and conditions of the letter of credit is a requirement for the security function of the letter of credit.