Global Import Solutions
Meet your international sourcing objectives with our global trade solutions for importers.
Create opportunity while reducing risk
Purchasing goods and materials from overseas suppliers can offer enormous savings potential, but there is risk as well. The Global Trade Solutions team at Fifth Third Bank can help you achieve your international aspirations by evaluating the appropriate level of risk protection you need and arranging financing for you and your suppliers. We have many years of trade industry experience across a variety of disciplines, delivering hands-on guidance in using international payment instruments and in navigating international trade and banking channels.
| Import Letters of Credit | Fifth Third-issued import letters of credit can increase your level of confidence with international purchases. Our experience and expertise can facilitate your operations by:
|
|
| Import Financing | Timing is an important element in international purchases. Our import financing services can help you gain an edge by assisting with inventory management and making purchases when strategic opportunities arise. |
|
| Supply Chain Financing | Being able to count on the flow of goods, and the payment for those goods, can make all the difference in your success in the marketplace. With options such as approved payables financing, letters of credit, and receivables financing, our experienced supply chain financing team can help importers:
|
|
| Import Documentary Collections | Fifth Third Bank can act as your trusted intermediary for delivery of import documents in accordance with instructions provided by your suppliers. Our experienced documentary collections team can help by:
|
|
| Bankers’ Acceptance for Imports | Importers use bankers’ acceptances as a low-cost alternative to loans. Acceptances can be used to generate funds to pay suppliers for goods. Bankers' acceptances can be created in conjunction with transactions involving:
|
|
| Fifth Third Global Trade DirectSM | To be competitive in the international marketplace, you need to complete transactions quickly and efficiently. Fifth Third Global Trade DirectSM leverages the power of Fifth Third DirectSM, our Internet portal, to help you better manage import and export activity online, including:
|
|
| Foreign Exchange | Foreign exchange is a part of every international transaction. These transactions are also subject to exchange rate fluctuations, which create currency risk that can have a negative impact on your company’s margins. We have one of the largest foreign exchange trading desks in North America, so let us help you identify your exposure, measure your risk, and establish a Foreign Exchange (FX) strategy to help protect your business. By partnering with Fifth Third, you’ll benefit from:
|
|