Advice on international business
Free advice concerning international business.
If your business is involved in international activities.
A forward is a currency purchase or sale that fixes a client’s obligation to purchase/sell foreign currency at a certain time and on certain conditions in the future at a fixed rate. Such transactions are carried out in order to hedge the risks associated with changing exchange rates.
An “electronic wallet” that replaces a corporate cheque book and provides round-the-clock access to the account irrespective of bank’s operating hours.
Earn extra income with the possibility of partial or total withdrawal and early termination of the agreement.
Letters of credit
A firm monetary obligation of the issuing bank to pay/commit to pay money with a deferral based on the documents submitted in full compliance with the terms and conditions of the letter of credit.
Loans by non-residents
Receiving and servicing loans from foreign loan suppliers.
A type of settlement between a buyer and seller where the buyer’s bank (representing bank) collects the amount payable by the buyer against respective documents received from the seller’s bank (remitting bank).