Letters of Credit
Whether you are importing or exporting, Letters of Credit offer special payment and documentation protection.

As an exporter, you can rely on Mercantil Commercebank's credit worthiness; as an importer, you can be assured that payment will only be made once the seller has provided conforming documentation.

In addition to the issuance of Letters of Credit, we can also advise and or confirm Letters of Credit issued by our correspondent banks, provide for the negotiation of documents and obtain approval to pay.

Through this process, Mercantil Commercebank helps exporters protect against political and sovereign risks. | Back to top

Stand-by Letters of Credit (SBLC)
Mercantil Commercebank will provide assurance (guarantee) of payment to a supplier for trade related contractual obligations undertaken by our clients. Since the beneficiary is relying on Mercantil Commercebank's credit worthiness, you can negotiate better prices on your purchases. SBLCs are a good tool for guaranteeing payment to foreign suppliers while allowing flexibility for various purchasing arrangements. | Back to top


Import / Export Financing
At Mercantil Commercebank you can finance your imports at very competitive interest rates and according to your company's requirements. We offer various alternatives that provide financing for the production of goods for export, including pre-export loans against the assignment of export letters of credit confirmed by Mercantil Commercebank. | Back to top


Discounting of Banker's Acceptances
Through the discounting of Banker's acceptances Mercantil Commercebank provides short term financing on attractive terms for domestic and international trade transactions. We can discount Banker's Acceptances originated from letters of credit confirmed by Mercantil Commercebank or other qualified financial institutions acceptable to the Bank. | Back to top


Discounting of Trade Acceptances with Bank Aval
If you are an importer and need to gain access to credit on your overseas purchases, Mercantil Commercebank can discount your suppliers' Bills of Exchange (drafts) drawn on your company that have the aval of any of our correspondent banks. 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. We can finance your accounts receivables providing your company with liquidity (with or without recourse) and absorbing the country risk. | Back to top


Eximbank Loans
Mercantil Commercebank 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 thus enabling your company to buy-sell from raw materials to capital goods, while obtaining medium term financing. | Back to top


Back to Back Letters of Credit
Mercantil Commercebank's large network of correspondent banks allows both the confirmation of export letters of credit and the issuance of an import letter of credit to finance the purchase and sale of goods. These operations are considered on a case by case basis. The transaction terms and conditions, as well as the customer's previous experience with these type of letters of credit will be carefully evaluated. | Back to top


Documentary Collections
Through Mercantil Commercebank's correspondent banking network we can handle your export 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 we receive payment or an acceptance from the buyer. We can also finance the collection. | Back to top