Suisse Credit Bancorp can arrange standard and structured solutions to its customers to provide the required liquidity between the period of payment for imported goods.
Import Financing is done in various ways:
- Open Account: The exporter ships and delivers the goods to the importer on good faith that the importer will pay. This method is used in inter company transactions; in a buyers market, or where the exporter and importer have two-way off settable trade flows, or where the two parties have a long standing good relationship.
- Documents against Payment (DP): The documents are released to the importer only after Importer has paid.
- Documents against Acceptance (DA): The documents are released to the importer after the importer has Accepted the Draft.
- Letter of Credit (LC): A third party financial intermediary takes over the liability of paying the importer.
Key Benefits:
- Immediate funding for imported product
- Financing of up to 100% of goods and freight
- Longer accounts payable period for goods and freight
- Improved cash flow
- Reduced Cost of Goods Sold
- A stronger balance sheet
- Sell on open account terms
- Suppliers paid by financial institution when they ship
- Allow companies to meet their demand schedule
- Designed to work alongside existing bank lines
