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Even the simplest transaction poses a risk. Buy a dozen eggs with one that's broken, and you are down more than 8%.

When the transaction spans an ocean, a continent or both, the risks are greater, and chances are you're not buying just a dozen eggs.

The principle is clear: only do business with people you know in countries with solid governments that have stable currencies. Unfortunately, your brother-in-law in Manitoba doesn't need a boatload of textiles.

The solution is clear. It's called experience, and you can find it in the International Division of City National Bank along with responsiveness, ingenuity, energy and expertise.

And convenience. With City National Bank's Online Letters of Credit Service your company can keep pace with the speed of international business from your Internet-ready computer. Fast online preparation, electronic notifications, real-time reports and comprehensive transaction histories are just a few of the benefits you'll enjoy as you execute or view:

  • Applications for Import Letters of Credit
  • Applications for Standby Letters of Credit
  • Amendments to Import Letters of Credit
  • Amendments to Standby Letters of Credit
  • Copies of Export Letter of Credit Advices

From customized application templates to online confirmations and advices, City National's Online Letters of Credit Service is designed to streamline your operations and boost productivity. You'll enjoy quick access to the actual text of your issued letters of credit, amendments and correspondence, including all negotiation and debit/credit notices. And you can submit real-time, online applications anytime, day or night.

From importing metals, to exporting motherboards or acting as a middleman/trading company, the Foreign Trade Bankers at City National know how to reduce your risk, expedite your transactions and find you funding all around the world. Scroll down to find out how we do it.

Importers
 
· Problem:
Foreign shipments are late.
Performance on your service contract is slow.
· Solution:
Incoming Documentary Collections
Performance Guarantee for Trade Transactions

· Problem:
Economic uncertainty and political risk have you nervous.
· Solution:
Paying by Foreign Currency Wire or Foreign Draft
Performance Guarantee or Warrantee for Trade Transactions

· Problem:
Want better pricing or credit terms from foreign suppliers?
· Solution:
Import Letters of Credit
Bankers' Acceptance Financing of Imports
Payment Guarantee for Open Account Terms

Exporters
 
· Problem:
Overseas customers' credit or country risk makes payment problematic.
· Solution:
Confirmed Export Letters of Credit
Government-guaranteed Export Receivable Insurance
Medium-term Loans to Foreign Buyers

· Problem:
Competitive pressure requires responding with more favorable credit terms, or even better pricing.
· Solution:
Bankers' Acceptance on Exports
Foreign Bank Standby Letters of Credit
Export Letters of Credit
Outgoing Documentary Collections

· Problem:
Financing is needed to fill large foreign orders or increase cash flow from receivables.
· Solution:
Government-guaranteed Export Lending
Bankers' Acceptance Financing of Exports

Middleman/Trading Company
 
· Problem:
Short-term need for cash or credit to fill a foreign order.
· Solution:
Transferable Letters of Credit
Assignments of Export Letter of Credit Proceeds

· Problem:
There is a need to finance inventory or convert receivables into cash.
· Solution:
Bankers' Acceptance Financing of Exports
Government-guaranteed Export Lending and Insurance Programs

Getting Started

Our capabilities are extensive. We invite you to put them to the test. To learn more about our International Banking services, contact us or call (888) 488-9700.

Learn More

Resources

Online Letters of Credit
Establish and manage Letters of Credit online.

Insights

The "Carry-Trades" Influence
The Dollar's long-run depreciation is not a one-way bet.
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