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LC code & type introduction are the most common knowledge for tracing the type of LC. The code & type depends on the country base financial institute and the type depends on international. Today I will discuss the Bangladesh bank LC code. The LC is mainly used by the import and export business. Lots of banks are using his won code. The below table is understanding easily the code and type of LC which are Sight, Deferred, Local, Foregain, Cash & EPZ, etc.
| Bank | Bank Code | Year | LC Code | LC No. |
| EXIM Bank | 1945 | 22 | 01 | 0001 |
| Prime Bank | 1558 | 21 | 04 | 1763 |
| DBBL | 1676 | 22 | 02 | 0078 |
| HSBC | 2859 | 22 | 06 | 1532 |
| Si No. | LC Code | Type of LC |
| 1 | 01 | Cash LC Sight |
| 2 | 02 | Cash LC Deferred |
| 3 | 03 | Back to Back (Local Sight) |
| 4 | 04 | Back to Back (Local Deferred) |
| 5 | 05 | Foreign Sight |
| 6 | 06 | Foreign Deferred |
| 7 | 07 | N/A |
| 8 | 08 | N/A |
| 9 | 09 | Cash LC Sight/Deferred |
| 10 | 10 | N/A |
| 11 | 11 | EPZ Sight |
| 12 | 12 | EPZ Deferred |
If you are not fully understanding properly, Please subscribe to the saifsafe (https://youtu.be/XH576lrGqOM youtube) chellan for better understanding.
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