Our international trade solutions will help you overcome the challenges of financing your export sales.
In international transactions, the buyer’s preference is typically to take as long as possible before paying. During that time, your company may experience ballooning of its accounts receivable. With a full range of solutions and an extensive international correspondent network, we can help your company:
Use our export financing to finance export-related inventory by accessing programs available through providers like the Export-Import Bank of the United States and the Small Business Administration. We can also give you the ability to extend credit to your foreign customers and sell or borrow against the resultant foreign receivables.
|Export Letters of Credit||
Export Letters of Credit will help you minimize your risk of nonpayment when selling overseas, serve as collateral in support of export working capital lines, and improve and centralize the collection of your proceeds from export sales.
|Standby Letters of Credit||
Fifth Third Bank can help guide you through the range of situations in which certain types of guarantees, such as Standby Letters of Credit, are required. These can include posting bid and performance bonds under contracts, assuring suppliers that they will be paid, and more.
|Export Documentary Collections||
Our export documentary collections team will act as your trusted intermediary and make certain you retain control over documentation needed by foreign customers and receive assistance with collecting timely payment.
|Fifth Third Global Trade DirectSM||
Through our Fifth Third Global Trade DirectSM secure internet portal, you’ll be able to better manage your letter of credit, documentary collection, and other export activity 24 hours a day.
We have one of the largest foreign exchange trading desks in North America. Our team will work with you to develop a Foreign Exchange risk management strategy to help your business optimize international cash flow and limit the risk of currency value fluctuations.