LETTERS OF CREDIT FOR IMPORTS AND EXPORTS
Mercantil Bank offers you the possibility to finance your imports with competitive interest rates, according to the needs of your business. We also provide you with different financing options for the production of goods earmarked to be exported, including loans during the stage preceding the actual export transaction, against the assignment of letters of credit confirmed by Mercantil Bank.
TRANSFERABLE LETTERS OF CREDIT
- Financing structure for buying and selling products.
- Issuance of Letters of Credit for imports.
STAND-BY LETTERS OF CREDIT
- Issued to secure payments to foreign suppliers.
- Better purchase prices and flexibility regarding terms of payment.
- Security bonds required for bidding for contracts.
- Financing and managing collections related to exports.
- Direct access to international financial institutions.
- Fast processing in the collection process.
DISCOUNT IN BANKER’S ACCEPTANCES
- Discount in Banker’s Acceptances emerging from Letters of Credit confirmed by Mercantil Bank or other accredited institutions.
- Short-term Financing.