International and domestic trade is highly complex and involves a web of intricate risks. Could these classic trade finance flow products help you manage your trade risk?
Our global network and in-depth local experience and expertise make us a trusted and reliable partner in international and domestic trade.
Our innovative tailored short, medium and long-term trade finance solutions enable us to meet our corporate and financial institutions clients‘ global import and export needs in a timely, efficient, risk averse manner.
With our IT and data centres in Frankfurt, Singapore and New York we deliver state-of-the-art solutions and support you with efficient high-quality handling and expert advice on the market’s changing requirements.
Our award winning range of solutions - all supported by our online banking platform – seamlessly cover classic trade flow products, all aspects of structured trade and export finance and innovative trade partnership banking capabilities.
Letters of credit
Letters of Credit (LCs) are the safest and often most convenient means of financing trade related transactions. An LC (Documentary or Standby) is a written undertaking given by a bank (Issuing Bank) to a beneficiary on instruction from an applicant (issuing Bank’s client) to pay the beneficiary at sight, or at a determinable future date, a stated amount of money within a defined time period. This undertaking is conditional upon the beneficiary’s documentary compliance with the terms and conditions in the LC.
Documentary collection
A Documentary collection is the collection of a sum of money due from a buyer to a bank against delivery of certain documents. The bank, acting as trustee and intermediary between exporter and importer, presents documents - by order of the exporter - which are proof of the actual delivery of a product or service rendered, and in exchange receives payment of the amount owed or obtains acceptance of a bill of exchange.
Guarantees
Guarantees secure risks from international trade activities along the customer’s supply chain to secure performance obligations arising from commercial, contractual or legal obligations, but also to enable advance payments in favour of the client.
We issue guarantees on the basis of an instruction from of the client (applicant), in favour of a third party (beneficiary).