Trade finance solutions in UK
Trade finance is beneficial for companies that are involved in import and export of goods. It is becoming an increasingly popular method of finance for companies in UK that are unable to access funds from high street banks due to what is perceived to be a lack of security. The facility normally works alongside existing credit lines such as bank overdrafts and can include one or more of the following:
The normal preconditions for a structured trade finance facility to operate successfully are quality goods from a reputable supplier, sold to creditworthy customers. The other main criteria is 'transaction security'. The trade finance provider will be focused on working with you to ensure that each transaction is safely concluded. The funder can also help you to:
High street banks provide funding to international traders by way of Letters of Credit (LCs) but generally expect to have cash deposits as security to cover the bulk of the transaction. This can be a problem for many international traders in terms of cash flow requirements. But the trade financiers we work with look at the transaction in the same way as an importer. If the trade finance provider is happy with a transaction, then the transaction itself becomes their primary security. The main areas to consider when applying for trade finance are:
Contact us
If you are interested in knowing more about trade finance solutions that would benefit your company free of charge and without obligation then please contact us or telephone us on (020) 7016 9775.
Last modified: 28/01/2006 01:03:46