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Depending on your business requirements, you can select from a suite of international trade products to help you make the most of doing business overseas. |
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provides a conditional guarantee of payment by us to your supplier - provided all the relevant terms and conditions of the Documentary Letter of Credit are met |
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provides the supplier with assurance of payment |
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allows you to stipulate the payment terms and conditions, documentation to accompany the shipment, and deadlines for shipment. |
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| As you and your trading partners develop a relationship of trust, an Import Documentary Collection may be appropriate. An Import Documentary Collection |
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is a facility for the collection of bills of exchange, documents and payment, or |
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an agreement to pay the supplier at a future date. There is no guarantee of payment |
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provides you with the security of knowing the goods have been shipped |
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is a safer alternative to pre-payments. |
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| If you have a well-established trading relationship and are very comfortable with your supplier, you might choose to trade on an ‘Open Account’ basis. Your supplier would also need to feel very confident that you will pay them on receipt of goods. |
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| When trading on an Open Account basis, bank drafts and telegraphic transfers are common ways to make payments and manage your cashflow commitments. |
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more info about cashflow and payment solutions for international trade |
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| When deciding on how and when to make payments to your overseas supplier, you’ll need to consider |
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the type and size of the transaction |
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how well you know your supplier |
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how much risk you’re willing to assume |
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how much risk your supplier will take on. |
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| Level of risk you can expect with each payment option |
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| With our Trade Finance you can |
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apply for finance to cover payment for any goods you’re importing |
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have flexibility in negotiating favourable credit terms with your suppliers. |
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find out more about our Trade Finance |
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request our Guide to Importing |
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