Do business abroad with confidence.
When it comes to doing international business and financing, you know the value and importance of letters of credit. They help keep all parties honest, and ensure a more secure business exchange. SunTrust can help you organize, manage and process all your letters of credit, whether export, import or standby.
Here’s what each one can do for you and your business:
Export Letters of Credit provide 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. You’ll never have to be apprehensive about selling to an international customer again.
Import Letters of Credit reduce the payment risk associated with purchasing from international suppliers. You can rest assured knowing that the exporter must comply with the terms of the Letter of Credit in order to receive payment.
Standby Letters of Credit give your counter party confidence through demonstrated financial backing from SunTrust. As an industry leader, we have extensive experience creating Standby Letters of Credit for all types of international transactions.
Our team of International Specialists is here to provide the tools and advice you need, but you’ll also have the autonomy to control your letters of credit anytime, anywhere with SunTrust Online Trade—our specially designed web-based application with a lot to offer your business:
- Secure online access
- Straight-through processing
- Direct email communications with Global Trade Services International Operations
- Document image delivery, tied to specific transactions
- Automated discrepancy notification and resolution
- Customized reporting
To learn more about Letters of Credit and SunTrust Online Trade Services, contact SunTrust Global Trade Solutions at 877.777.8142, or International Operations at 800.951.7847.