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Scotiabank offers a full range of services related to export letters of credit. These services give you the comfort of 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.
In most instances, this undertaking should be sufficient for your needs. For added protection, Scotiabank can, in many instances, also confirm an export letter of credit. Instead of merely asking your buyer for an irrevocable letter of credit, you can go one step further and request that it be advised through and confirmed by Scotiabank. Our confirmation added to the letter of credit represents our undertaking to pay you and relieves you from worries about whether the issuing bank will pay.
Electronic Solutions for Exporters
TRADEXPRESS elite
Our fully automated service enables you to electronically receive a copy of your export letter of credit, standby letter of credit and letter of guarantee, together with the cover letter and related data for your reports.
TRADEXPRESS® ExportDoc
TRADEXPRESS ExportDoc is an easy-to-use software package designed exclusively for exporters. It simplifies the preparation of shipping documents for presentation under letters of credit, documentary collections or open account transactions.
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