For your Import
or Export operations, whether your company is purchasing from
local suppliers or overseas vendors, or selling to international
buyers or within the USA, Mercantil Commercebank N.A., makes it easy to
manage your domestic, as well as your international trade transactions. We
offer a wide array of services that will expedite payments,
decrease paperwork, reduce risks and simplify your transactions.
Our Trade Services products include:
Clean
and Documentary Collections
Through Mercantil Commercebank N.A. correspondent banking network we can
handle your export or import collections safely, and provide
your company with direct access to almost any primary financial
institution worldwide. We can efficiently process both
incoming and outgoing collections. Title documents are
withheld until payment or an acceptance from the buyer is received. Subject
of approval, we may also finance the collection. This
is a fast, convenient and relatively inexpensive way to do your
trade business.
Letters
of Credit
Whether you are importing or exporting, Letters of credit offer
the best payment and documentary protection. Mercantil Commercebank,
N.A. will ensure that negotiation of documents take effect only
against seller’s strict compliance of the credit terms and conditions. In
addition, Mercantil Commercebank, N.A. offers Trade
Services Online, an electronic Letter of Credit application
that enables you to initiate an import Letter of Credit from
your desktop and monitor in real time your Letter of
Credit activity.
Standby
Letters of Credit
Through the issuance of a Standby Letter of Credit, Mercantil Commercebank,
N.A. can provide assurance (guarantee) of payment to a foreign
supplier for trade related contractual obligations undertaken
by our customers. Since the beneficiary is relying on
Mercantil Commercebank’s credit worthiness (Investment Grade BBB- by Fitch
Ratings), you can negotiate better prices on your purchases. Standby
Letters of Credit are an excellent way for securing payment
to foreign suppliers while allowing flexibility for various
purchasing arrangements such as;
- Covering performance or non-performance
- Single or repetitive commercial transactions
- Contract bidding
Discounting
of Bankers' Acceptances
Through the discounting of Bankers’ acceptances Mercantil Commercebank,
N.A., provides short-term financing on attractive terms for
international trade transactions. We can discount Trade
Acceptances from qualified financial institutions acceptable
to the Bank. When discounting acceptances from letters
of credit issued or confirmed by Mercantil Commercebank, N.A., your supplier
can get paid earlier while you still benefit from the financing
terms.
Discounting
of Trade Acceptances with Bank Aval
If you are an exporter and prefer not to carry credit risk on
importers, or would like the benefit of early payments for shipments,
you can discount Bills of Exchange (drafts) drawn on the foreign
buyers with the aval of any of our correspondent banks. This
type of financing will provide your company with liquidity (with
or without recourse) and will also absorb the county risk. If
done without recourse to the exporter.
Export
Assistance Programs
Mercantil Commercebank, N.A., works with ExImbank in assisting US exporters
and overseas importers of US products with their financial needs. Financing
is available through loans with political or commercial risk
coverage granted by ExImbank medium term insurance, thus enabling
your company to buy-sell from raw materials to capital goods,
while obtaining longer financing terms. Mercantil Commercebank, N.A.,
is also duly approved to participate as a USA bank in the various
export guarantee programs provided by the Commodity Credit Corporation
(CCC), such as GSM-102.
Rev.: April, 2007 | Back to Top
|
