Trade Finance Tips

When trading internationally a letter of credit or similar can offer protection to both importers and exporters.

• Always check you are opening the right kind of letter for your transaction; if it is not transferable then you will not be able to "discount" it for instance.
• Before opening an international trade finance instrument of any kind you should always satisfy yourself of the suppliers ability to perform as you will lose any fees you have paid should they fail to deliver.
• Trade instruments such as Letters of Credit cannot be discounted by a forfaiting facility from all countries. However the list of acceptable countries of origin change regularly, so please contact us for the latest view.
• Trade facilities can ensure your goods are paid for if you are an exporter.
• Trade finance can guarantee your imports are in fact delivered!