What do you think are the key challenges of international trading? For an exporter, the primary concern is to minimise the risk of non-payment by the importer. For an importer, the major challenge is to ensure that all goods are delivered as per specifications and on time. So what do you think will help protect the interests of both?
The answer is – a letter of credit.
SUISSE BANK is a globally-recognised offshore banking institution, helping businesses engage in profitable and hassle-free foreign trading experiences. Having built a good reputation in the banking and trade finance industry, the organisation emerges as a preferred banking partner for a wide range of financial instruments that aid in international trading. Of these, a letter of credit is one of the most powerful tools that global companies can use to expand their business overseas by mitigating the risks.