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Exporting
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For exporters, the principal risk is non-payment for goods that have been shipped. At Scotiabank, our goal is to help exporters minimize this risk, increase their sales, and ensure that they receive payment when selling goods to a foreign buyer.
In addition to traditional services such as letters of credit and documentary collections, our team of international trade specialists regularly analyses export finance trends to ensure that we are at the forefront of new developments and services in the world of trade finance.
Structured Trade
Mitigate both the political and commercial risk of your transactions using credit insurance from government export credit agencies and/or private sector alternatives.
Export Letters of Credit
Take comfort knowing that when you ship merchandise and present your documents in a way that conforms with a letter of credit, payment will be forthcoming from the bank that issued the letter of credit.
Documentary Collections
The direct collections approach reduces processing time and accelerates payment.
Cross-border Guarantees
As compensation for any breach of the contract, a cross-border guarantee permits the buyer (beneficiary) to collect a sum of money from the issuing bank on demand.
Standby Letters of Credit
A standby letter of credit can be issued as an alternative to a cross-border guarantee and to satisfy the requirements of the U.S. market.
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It simplifies the preparation of shipping documents for presentation under letters of credit, documentary collections or open account transactions.
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