Minimize risks as you grow your trade business. Whether your goal is payment protection, working capital, or buyer financing, U.S. Bank's Trade Finance specialists have the tools to meet your needs.
U.S. Bank Programs
U.S. Government-Backed Programs
U.S. Bank Programs
U.S. Bank has developed special tools to help you manage the risks involved in buying and selling merchandise overseas. Key programs include engagement to purchase documents and insured export receivables.
Engagement to Purchase Documents
U.S. Bank's engagement to purchase documents program is an alternative to confirmed letters of credit and provides transfer of foreign risk, quick payment, and quality service to exporters who use documentary letters of credit for trade transactions. An engagement to purchase documents allows you to consolidate most of your letter of credit transactions with one bank-U.S. Bank. This risk mitigation tool for flexible circumstances is easy to initiate and reduces foreign-bank credit exposure.
Insured Export Receivables
U.S. Bank's Insured Export Receivables Finance Program reduces the risks of selling merchandise outside the United States. U.S. Bank's master export credit insurance policy, from a respected insurance company, simplifies the insurance process for you. We handle the paperwork, including past-due reports, new buyer coverage requests, and filing claims. The all-in cost of the program is competitively priced with other insurance-backed financing options.
U.S. Government-Backed Programs
U.S. Bank has a team of professionals to help you take advantage of the many export assistance programs available through U.S. government agencies. We'll help assess programs for agricultural exporters to win contracts in emerging markets, financing and insurance to reduce political risk, and financing for capital equipment exporters.
Key programs include:
- Commodity Credit Corporation program, provides guarantees to commercial banks to provide buyer financing through the importer's purchase of agricultural exports. Included in the Commodity Credit Corporation program:
- GSM 102 (terms of six months to three years)
- GSM 103 (terms of three to seven years)
- Agriculture Equipment Financing (Facility Guarantee Program)
- Supplier Credit Guaranty Program
- Export-Import Bank of the United States, provides direct loans, guarantees, and insurance to facilitate U.S. exports of goods, services, and agricultural commodities. Included in the Export-Import Bank of the United States program:
- Working Capital Guarantees
- Medium Term Guarantee Program
- Export credit insurance programs, short and medium term
- Lease Guarantees
Please contact International Banking for more information.
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