GarantiBank International N.V.


	Basic Products


	Bill of Lading Financing Invoice Financing Warehouse/Distribution Financing FCR Financing Freight Financing Pre-Shipment Financing Position Financing Letters of Credit Import Letters of Credit Export Letters of Credit Stand-by Letters of Credit Documentary Collections Guarantees Payment Guarantees Bonds Non-Bank Financials Institutions Overdraft/Working Capital

Export Letters of Credit

The suppliers are in need of securing their sales proceeds. If such sales are on cross-border basis, the supplier may find himself in dealing with complex and unusual risks and regulations. Furthermore, competition may prevent suppliers to force the buyer for an advance (pre-shipment) payment.

In such cases, secure collection of export proceeds may be facilitated by export letter of credit (“LC”). This payment instrument is probably the most old-fashioned, but also the most convenient. By mobilizing its resources and expertise, GarantiBank International NV is on the side of the supplier in formulating and executing such export LCs.

By teaming up with GarantiBank International Trade & Commodity experts, suppliers may mitigate risks such as country risk and commercial risk. Export LCs can even be structured with a view to provide funding to suppliers. Such funding may be on a recourse, non-recourse, pre-shipment or post-shipment bases, allowing suppliers to shorten their cash cycles, while revolving their risk levels.