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| Import Letters of Credit Services | ||||
Our extensive network of affiliated and correspondent banks lets us offer an expeditious way to open a Letter of Credit. We understand the needs of companies in international trade and our experienced trade finance team is ready and trained to provide comprehensive solutions especially geared to the size and complexity of trade related transaction. We have combined technology and personalized touch to make the task of opening a Letter of Credit easy and fast. |
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| Standby Letters of Credit | ||||
| Also known as Bid or Performance Bonds, as well as Advance Payment Bonds. They are issued to a beneficiary where the bank is obligated to honor a payment. A draft and a statement of performance or non-performance usually support the Standby L/C. Ziraat New York has an extensive experience and knowledge in this area and has competed with larger U.S. banks based on lower fees, speedy issuance, knowledge of documentation in Turkey and other cost savings. |
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| Documentary Collections | ||||
| Documentary Collections offer a low-cost but secure alternative to Letter of Credit to trade with your business partners around the world. Rapid turn-around time is the hallmark of our service. It is easy and convenient when you have your Documentary Collection routed through us. Most of our branches are able to handle Collections and as such you have a single source for processing of your trade related transactions. | ||||
| Export Letters of Credit Services | ||||
When you export your merchandise, you need a knowledgeable bank to handle the transaction that you have worked so hard for. Our extensive Export Services offer Advising, Confirmation, and Negotiation of Letters of Credit from around the world. |
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| Bankers Acceptances - an instrument that a bank accepts as a bill of exchange. The bank could (a) advance funds to a certain party (b) accept and hold the instrument, provided that all terms and conditions set forth in the transaction are met. | ||||
Bank to Bank Reimbursement - facilitates the Letter of Credit transaction for all parties concerned. If the issuing bank does not have a correspondent relationship or does not hold an account with the bank that has been authorized to pay, accept or negotiate, the Bank to Bank Reimbursement transaction offers a means of prompt reimbursement |
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U.S. Eximbank Financing - offers fixed-rate loans directly to foreign buyers of U.S. goods and services to help U.S. exporters compete against foreign suppliers offering officially supported export credits and to fill in gaps in the availability of private export financing. Ex-Im Bank will consider extending to a company's foreign customer a fixed-rate loan covering up to 85 percent of the value of all eligible goods and services in the U.S. supply contract. The buyer must make cash payment to the U.S. exporter of the remaining 15 percent (Ex-Im Bank Direct Loan Program). |
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© 2007 Ziraat New York. All rights reserved. |
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