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For exporters, the principal risk is non-payment for goods
that 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 analyses 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 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.
Documentary Collections
The direct collections approach reduces processing time and accelerates payment.
Standby Letters of Credit
Considered an alternative to a cross-border guarantee, a standby letter of credit meets the requirements of the U.S. market.
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.
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