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Trade Finance
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Doing business abroad can be a complicated, frustrating and risky endeavour at times. Having an experienced team of trade finance specialists on your side can help ensure that your international transactions proceed faster, easier and trouble-free.
Scotiabank has been a leader in international trade finance for more than a century. With representatives in more than 50 countries and a network of more than 2,000 branches within the bank, its subsidiaries and affiliates in Canada and abroad, Scotiabank can offer you fast and efficient global trade services, and easy access to overseas markets.
Importing
Reduce the risk of unfulfilled orders with Scotiabank letters of credit.
Exporting
Our export services supplement traditional payment methods such as open account and cash-in-advance. Not only can we handle export letters of credit and export collections, but we can also arrange short-term financing of your export receivables.
Export Credit Guarantee Program (GSM-102)
GSM-102 is a letter of credit facility under which the U.S. Department of Agriculture (USDA) guarantees the (export) credit risk of U.S. exporters for designated U.S. agricultural commodities.
Scotia Americas Capital Equipment Purchase Program (ACE)
This program provides medium-term financing of imports of Canadian capital goods. It is an arrangement with the Export Development Corporation of Canada. A letter of credit arranges payment, after which a U.S. dollar loan for a term of up to five years at LIBOR-based rates is provided.
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Provides businesses that use letters of credit a link to our processing department via the Internet.
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