Reduce Your Risk and Provide Reassurance to Sellers

Importing goods for resale in Canada presents some risks to your business model. Most notably, whether or not you will receive what you ordered - and what you paid for.

Leveraging credit and trade finance services will allow you to bring goods into Canada, while assuring payment to the seller in the exporting country.

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1-800-769-2520

Importing Solutions

Import Letters of Credit

An import letter of credit is a document issued by a major bank on your behalf. The import letter of credit guarantees your international supplier payment for goods or services, provided the terms, such as a product being loaded onto a ship to come to Canada, of the letter of credit have been met (for example, the product has been loaded onto a ship to come to Canada).

By using an import letter of credit for your international purchases, you can:

  • Conserve your company's cash flow by eliminating the need to make advance payments or deposits
  • Strengthen relationships by demonstrating your company's creditworthiness to suppliers
  • Support your suppliers' access to bank credit, since in many countries, letters of credit are pledged by exporters as security against working capital loans
Documentary Collections

Through Import Documentary Collections, RBC acts as an intermediary in the purchase process, providing you with an opportunity to review key documents before paying your supplier.

Bank Guarantees

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

Our Most Popular International Trade Products

Foreign Exchange Services

Discover how you can save on your foreign exchange transactions and minimize your risk.

Wire Payments

Pay your domestic and international vendors, in over 30 countries.

Bank Guarantees

Assure your clients and suppliers of your financial integrity without tying up your cash by leveraging Guarantee

Ready to Get Started?

Our dedicated specialists will work with you to provide the financial advice and solutions that best suit your business.

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1-800-769-2520
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