The ability to offer financing to buyers has become an increasingly important competitive advantage in gaining business.
Export financing facilitates international trade transactions by offering an assurance of payment for export shipments based on presentation of documents that comply with the Letter of Credit.
Suisse Credit Bancorp offers various solutions to facilitate the export process.
Key benefits for exporter:
- Gains competitive edge by offering financing to prospective buyers
- Receives cash payment upon shipment or commissioning
- Does not tie up assets
- Avoids credit, currency and interest-rate risks in the settlement period
- Does not need to use administrative resources to collect the debt
Key benefits for importer:
- Can use long-term financing to match expected revenues with expenditures, making cash flow more efficient
- Obtain financing that is less expensive than local financing which may be subject to restrictions
- Obtain additional savings on financing as exporters can use private insurance programmes which can make financing available at competitive rates
- Can obtain fixed-rate financing and be certain of the size of future payments
