As an exporter, it is important to consider the credit risk of your foreign buyer. But it's not always possible to receive cash in advance for your goods.
If you are selling products and services outside of Canada, we have solutions to help limit your financial risk and improve your cash flow.
An export letter of credit is a document issued by a major bank on behalf of your customer. The letter of credit constitutes a promise to pay you, upon receipt of your goods or services, provided the terms of the letter of credit have been met.
By insisting that a letter of credit is issued for your transaction, you protect yourself and your business by:
Export Documentary Collections ensure that the collecting bank will release key documents to your purchaser only when payment has been made or financing confirmed by your customers bank. By taking advantage of this safe and efficient service, you can:
A Guarantee is an essential tool to help your business establish its performance capability and financial integrity with clients and suppliers.More About Guarantee Solutions
Discover how you can save on your foreign exchange transactions and minimize your risk.
Pay your domestic and international vendors, in over 30 countries.
Assure your clients and suppliers of your financial integrity without tying up your cash by leveraging Guarantee
Our dedicated specialists will work with you to provide the financial advice and solutions that best suit your business.