Trade services, international trade services

Trade Services

SunTrust makes it easier to do business around the world, whether you’re purchasing supplies from overseas vendors or selling goods to buyers abroad. Our team of international specialists can provide you with the tools and advice to help you manage foreign exchange, letters of credit and payment solutions, international trade solutions and trade financing.

Managing your letters of credit and documentary collections through Online Trade Services can reduce the risks and ease the work of doing business internationally.

Online Trade Services

Managing trade services can be easier, more efficient and less expensive.

Online Trade Services is a web-based application that allows you to manage and process your trade and standby letters of credit, as well as your documentary collections.

Whether you are in the office or overseas on business, control of your letters of credit and documentary collections is at your fingertips with:

  • Secure online access.
  • Straight-through processing for Letters of Credit and Documentary Collections.
  • Direct email communications with Global Trade Services International Operations Document image delivery, tied to specific transactions.
  • Automated discrepancy notification and resolution.
  • Customized reporting.
  • Anytime, anywhere access from any computer with an Internet connection.

Import & Export Letters of Credit

Import Letters of Credit assist importers by reducing the payment risk associated with buying from international suppliers. As an importer, you can be more secure knowing that the exporter must comply with the terms of the letter of credit in order to be paid.

As an exporter, you may be concerned with the risks of selling to an international customer, especially a new one. An export letter of credit gives you a measure of security and the assurance that you will be paid once you have shipped product and are in compliance with the terms of the letter of credit.

The Online Trade Services platform will assist you with managing both your import letters of credit and export letters of credit.

Standby Letters of Credit

Standby Letters of Credit give your counter party assurance through demonstrated financial backing from SunTrust Bank.

SunTrust has extensive experience creating standby letters of credit for all types of international and domestic transactions—and you can be confident we will deliver the advice and solutions to support for your objectives.

Documentary Collections

Documentary Collections provide a cost-effective alternative to letters of credit and do not tie up your line of credit.

SunTrust is still involved to control documents and payments but does not provide conditional guaranty of payment as with letters of credit.

With Online Trade Services, you have access to both import and export document collections products. You can create and send cover letters and payment instructions, view images of your incoming collections and create customized reporting.

Contact Us

To reach a SunTrust representative:

  • 877.777.8142

Investment and Insurance Products:

  • Are Not FDIC or any other Government Agency Insured
  • Are Not Bank Guaranteed
  • May Lose Value

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