International Trade Finance
INTERNATIONAL
TRADE FINANCE
Banker's Acceptances
Bank of Albuquerque handles this type of negotiable time draft drawn on and accepted by
Bank of Albuquerque to finance the shipment or storage of goods. Banker's Acceptances
finance both exports and imports for a future maturity date. Time drafts can be discounted
and paid to the beneficiary on an "at sight" basis. Working Capital Programs
Pre-shipment Working Capital
Labor, materials, services and allocated factory overhead for exports is available through
Bank of Albuquerque. Work-in process inventory, engineering costs and purchase orders for
the acquisition of inventory may be included as collateral for borrowing. Bank of
Albuquerque offers export trade financing through the support of programs with the U.S.
Small Business Administration, and the Export-Import Bank of the U. S. (Ex-Im Bank).
Post-shipment
Offering terms to a foreign buyer often provides the competitive edge for exporting
companies. Bank of Albuquerque offers account receivable financing for foreign accounts
secured through export credit insurance of the Export Import Bank of the United States.
Short term financing is available for consumable products and capital goods for terms up
to a year. Bank of Albuquerque provides attractive advance rates up to 95% of the
receivable. Competitive rates and terms are available. |