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With our expert trade finance solutions, let us help you mitigate the risks of international and domestic trade by improving your company’s cashflow, and gaining control over your imports and exports

Import Letters of Credit are our commitment to pay your supplier on your behalf. Or for exporters guarantee of payment before you commit to sending goods.

Letters of credit are among the most secure methods of settlement, and are internationally recognized. Import and export letters of credit are legally binding. They cannot be cancelled unless all parties agree.

Import letters of credit reassure your overseas suppliers about receiving payment and they assure you about the receipt of your goods from overseas before you pay. We commit to payment on your behalf via a pre-agreed credit facility. But we only pay once documentation submitted by the exporter complies with the terms of the import letter of credit. This gives you confidence that the goods you buy will be as ordered, and they will be delivered at the agreed time and place.

Export letters of credit are beneficial if you are selling and you want to ensure payment for your goods - especially if you are dealing with a new market, country or trading partner. Export letters of credit are payment commitments given by your buyer’s bank providing that you fulfil the terms and provide the documentation as required within the letter of credit.

Cover your business against performance risk. Negotiate new payment terms with suppliers, offering better security for both sides.

Documentary collections provide a secure way to make and receive payments during international trade. An exporter submits shipping documents and payment instructions to their bank once they’ve sent the goods.

The bank obtains payment or an acceptance of a bill of exchange from the importer’s bank and releases the documentation. The banks involved in export collection don’t guarantee payment, so you should always check the buyer’s credit status before agreeing to use this service.

THE BENEFITS OF OUR SOLUTIONS

When importing, you don't pay until you receive shipping confirmation – so you keep your cash for longer. When exporting, deferred payment collections can often be discounted with your bank.

There's no need for a capital-weighted bank facility, and documentation is turned around quickly.

Importers only pay once there's proof of shipment, so it's more secure than paying for your goods in advance. If you're exporting, you keep control of the documents until the goods have been paid for or a bill of exchange has been accepted.

Documentary collections are subject to globally recognized rules issued by the International Chamber of Commerce.