The cost of holding stock or waiting for stock to arrive from overseas can slow sales growth. Our trade finance facilities enable you to access cash tied up in debtors and stock effectively bringing future profits into your business for use today.
This is ideal for companies who need to smooth out cash flow fluctuations after paying offshore suppliers and before receiving funds from local customers.
Our extensive experience in international trade, including international payments means we can offer a full range of trade finance products that are supported by an individually focused service.
Payments and guarantees
- Clean payments
Payments can be made locally and internationally in all major currencies either by telegraphic transfer or bank draft. Generally used for open account trading - Import letter of credit
A guarantee of payment from a bank. We facilitate the process using our bank lines on behalf of the client - Export letter of credit
Provide immediate cash flow to exporters by using the letter of credit as security
Benefits
- Full spectrum of trade finance tools and advice available. You can utilise all the above products and our expertise to manage your international business commitments
Foreign Exchange
Available in all major currencies at competitive rates.
- Foreign currency bought or sold at a current rate or at a future date, with a predetermined rate
- Foreign trade loans to fund cash flow in a foreign currency
Benefits
- Manage exchange rate risk by locking in your exchange rate now for future transactions/purchases
Fees
- Establishment fees and interest charges apply
- For more information on costs please contact a member of our business development team on 0800 ASK LOCK (0800 275 562) or via our contact form
Our normal lending criteria apply.
Contact us now to find out how we can help your business grow.
Email us or call for an initial assessment - Freephone 0800 ASK LOCK (0800 275 562)