| Success in trade and in business is based on capital availability. The global banking crisis showed once again how critically important it is to have access to capital. We continued to have availability all through the bank crisis.
Letters of credit are a basic means of facilitating trade finance. Documentary letters of credit provide mutual protection for both the importer and the exporter, because the documents which control the shipment are held by the exporter until payment is secured.
Letters of credit are used to pay for and ship almost any product imaginable, ranging from electronics, foods and canned goods, clothes, machinery and equipment, all the way to nine and ten figure oil shipments.
Documentary LC's are also utilized to support commodity-type transactions. The DLC's we can provide can be used for sugar, urea, scrap steel, corn, rice, cocoa and other bulk commodities. Documentary or standby letters of credit can be used for deals involving diamonds or gold. See our commodities page to view commodities and other products of current interest.
Although based in the United States, we have done or are working deals involving countries as diverse as Estonia, Ukraine, India, Bangladesh, Singapore, China, Germany, United Arab Emirates, Djibouti, Sierra Leone, Ghana, South Africa, Colombia, Brazil, Moldova, Romania, Viet Nam, Thailand. And our home country, where we provide trade and other finance for numerous businesses.
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