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For exporters, the principal risk is non-payment for goods which 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 analyzes 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 when you ship merchandise and present your documents in conformity with the L/C, payment will be forthcoming from the bank which 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
Considered an alternative to a cross border guarantees meeting the requirements of the US market.
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