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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.
National Export-Import Bank of Jamaica Limited (EX-IM)
The Government of Jamaica, in its commitment to Jamaica's productive sector, has made funds available at concessionary interest rates through the National Export-Import Bank of Jamaica Limited (EX-IM). EX-IM services can be accessed through Scotiabank's branch network.
Export Credit Guarantee Program (GSM-102)
GSM-102 is a Letter of Credit Facility under which the US Department of Agriculture (USDA) guarantees the (export) credit risk of US exporters for designated US agricultural commodities.
Scotia Americas Capital Equipment Purchase Programme (ACE)
This programme 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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The faster and more efficiently your business collects funds owing, the more money you save.
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