Export Letters of Credit

As an exporter, when setting terms of sale with a foreign buyer whose creditworthiness hasn’t been established, it’s standard to require a letter of credit to provide assurance of payment. Our experienced professionals can guide you through the process of receiving letters of credit and offer you the support you need to ship your goods abroad with confidence you’ll be paid. Our services include:

• Trade finance specialists to answer letter of credit questions.
• Letter of credit confirmations to mitigate cross-border risk.
• Document processing capabilities that expedite payment.

Import Letters of Credit

As an importer, having a letter of credit from a reputable financial institution can be a valuable financing tool. We can help structure letters of credit that allow you to deal in good faith and help you buy the foreign goods you need in an efficient manner. Our services include:

• Financing options for extended terms.
• Customized processing.

Standby Letters of Credit

A standby letter of credit can provide security for open account purchases, a bid, or a performance bond for a domestic or international contract. This letter of credit is issued to support payment based on money loaned or another contingency, even in the case of default for the underlying deal. Our experts can offer guidance on the wording of these documents.