SunTrust Bank Foreign Exchange & Global Trade Solutions ... - Raffa

Global Trade Solutions
Export Letter of Credit
ISSUE: The Seller (Beneficiary) needs a
secure way to get paid when selling products or
services to a foreign buyer.
SOLUTION: The Export LC provides the Seller
a promise of payment from the issuing bank
provided they comply with the terms of the
letter of credit. The Export LC also serves as
payment mechanism for the trade transaction.
Export Documentary Collection
ISSUE: The Seller is exporting to foreign clients
where they have a certain level of confidence
but are not ready to offer open account terms
and/or do not want to incur the costs of an LC.
SOLUTION: The Export Documentary
Collection provides a degree of protection while
reducing handling costs associated with letters
of credit.
SBA Export Express Loan
ISSUE: Small business client exports and
wants financing for export inventory, A/R and
export development activities.
SOLUTION: Provides export working capital
line of credit up to $500,000. Borrower must
meet U.S. Small Business Administration
eligibility requirements.
Import Letter of Credit
ISSUE: The Buyer (Applicant) is concerned
about the risk of paying cash in advance for a
product or service to a foreign supplier and
cannot negotiate open account terms.
SOLUTION: The Import LC provides a
measure of security to both parties; the supplier
must comply with the terms of the LC before
the bank will pay. Buyer must apply and qualify
for bank credit.
Import Documentary Collection
ISSUE: The Buyer imports products from
foreign suppliers that are not willing to give
open terms but will accept Documentary
Collections instead of LC’s.
SOLUTION: The Import Doc Collection
provides security because the banks handle the
documents in exchange for payment & does not
requires credit lines as with LC’s.
SBA Export Working Capital Loan
ISSUE: Client exports and wants financing for
export inventory, A/R and export development
activities for more than $500,000.
SOLUTION: Provides export working capital
line of credit up to $5,000,000. Borrower must
meet U.S. Small Business Administration
eligibility requirements.
Standby Letter of Credit
ISSUE: Client (Applicant) needs to provide
assurance of financial or other performance
obligation to a foreign or domestic business
counter party
SOLUTION: The Standby Letter of Credit
protects the Beneficiary in the event of
Applicant’s default with the financial backing of
the issuing bank. The Applicant must apply
and qualify for bank credit.
Online Trade Services (OTS)
ISSUE: Clients (Importers & Exporters) want an
automated, online system for handling letter of
credit and documentary transactions with the
bank.
SOLUTION: OTS allows clients to
electronically process (transmit & receive)
instructions for the issuance and payment of
letters of credit and documentary collections.
Export-Import Bank (Ex-Im Bank) Loan
ISSUE: Client exports and wants financing for
export inventory, A/R and export development
activities for more than $1,000,000.
SOLUTION: Provides export working capital
line of credit . Must meet Ex-Im Bank’s
financial criteria. US products or services
only; restrictions on military products
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