The principal risk for exporters is that customers wont pay for goods that have been shipped. Scotiabanks international trade specialists partner with you to ensure that you receive payment when you sell goods to a foreign buyer. That means you can take advantage of opportunities to increase your sales with confidence.
In addition to offering traditional services, such as letters of credit and documentary collections, our team regularly analyses export finance trends to ensure we are at the forefront of new developments and services in the world of trade finance.
Export Letters of Credit
Ship merchandise and present your documents in conformity with an export letter of credit and you can set up a guarantee to receive payment from the issuing bank.
Documentary Collections
Reduce processing time and accelerate payment with a direct collections approach.
Cross-border Guarantees
Purchase a cross-border guarantee and the buyer can collect a sum of money from the issuing bank as compensation for any breach of contract.
Standby Letters of Credit
Meet the requirements of the U.S. market with this alternative to a cross-border guarantee.
Need more information about Scotiabanks Corporate & Commercial Banking solutions? Contact your Scotiabank Relationship Manager today.
