When you import and export goods, knowing your rights and ensuring the security and protection of your business is essential.
Managing your international trade is easy when you know what to expect.
A trade advance provides funding for up to 180 days for import, export or domestic stock purchases, allowing your business greater cash flow flexibility.
Import Letter of Credit
If you are an importer we can improve your terms of trade or access to new suppliers. An import letter of credit allows you to improve your cash flow by deferring advance payments for goods, and gaining more favourable payment terms. Our global banking contacts and high service levels help you access markets worldwide.
Export Letter of Credit
As an exporter you need to be certain you will be paid for the goods you have shipped. Once you have received a letter of credit issued by the buyer’s bank, we can ensure you receive payment. We do this by 'confirming' the letter of credit to take on the risk of obtaining the payment from this bank.
Documentary collections are a secure way to control your export or import documents. Well-established bank to bank document transmission processes provide greater control over international payments. Collections provide greater protection than trading on an open account, and they are more flexible than a letter of credit as the bank does not guarantee any payments.
Exporters use performance bonds as a tool to give overseas customers security that they will delivery on a contract. We can issue bonds and guarantees in all major currencies to support your contracts.