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U.
S. Century Bank recognizes that today's global economy and
innovative electronic commerce are presenting significant growth
opportunities and challenges. Buying and selling goods and
services overseas can provide your business with greater
possibilities and become a valuable source of profits.
Whether you are just beginning or are
well-established, U.S. Century Bank's experience and knowledge can
provide the guidance and support to lead you to succeed in this
global marketplace.
U.S. Century Bank offers a comprehensive
range of both domestic and international services with the latest
technology to ensure quick processing. We work with importers
and exporters in all matters related to international trade, and can
help you to feel at ease in the world of international trade.
Our team of international banking
specialist can help you make informed decisions and improved your
competitive edge wherever you do business.
15680 S.W. 88 ST
Miami, Florida 33196
Fax: 305-594-2597
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Import Letter
of Credit: U.S. Century Bank can help you structure your
Import Letters of Credit with the least risk possible,
recommending terms that are favorable to both you and your
suppliers, ultimately facilitating documentary compliance by
the exporter. A letter of credit may be instrumental in
ensuring that goods are shipped in accordance with you
instructions prior to your release of payment.
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Export Letter
of Credit: U.S. Century Bank can provide the
expertise to help you structure your letter of credit to
meet your export requirements. When selling oversees,
you want to have an assurance of payment before you and
receive payment as quickly as possible. We can also
confirm letter of credit when the issuing bank is a
lesser-known entity or you wish to avoid foreign country
risk.
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Standby Letter
of Credit: With a standby letter of credit you have an
alternative to assure fulfillment of contract terms.
This is often used in lieu of Performance of Bid Bonds for
International or Domestic transactions. This document
provides your trading partners the assurance that your
company will fulfill the terms of the contract by providing
U.S. Century Bank as the credit support in lieu of yours,
when your own credit may not be known or readily accepted.
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Transferable
Letter of Credit: A broker or an intermediary may
receive a letter of credit from the buyer and wish to
transfer the letter of credit in favor of the producer of
goods. This transferable letter of credit allows the
beneficiary to fully or partially transfer the letter of
credit to one or more separate parties. The transferee
(second beneficiary) would have control over his shipment
and payment upon complying with terms and conditions.
This product can provide you a risk-free solution as well as
the capability to resell goods without using your source of
funds or credit.
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Assignment of
Proceed: an assignment of proceed can provide you a
risk-free solution as well as capacity of resell goods
without using your source of fund or credit. If you
are a broker or intermediary, you can assign the proceeds of
a letter of credit in favor of the producer of goods.
The beneficiary can assign proceeds fully of partially to
one or more separate parties. You as the beneficiary
will have full control over the shipment and payment upon
complying with he terms and conditions.
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Foreign Check:
we can facilitate the clearing of foreign checks by
utilizing
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Documentary
Collections:
We can act as intermediaries to collect payment from the buyer in exchange for the transfer of documents that enable the holder to take possession of the goods. The procedure is easier than a documentary credit, and the bank charges are lower. Documentary Collections involve the use of a draft that requires the importer to pay the face amount either on sight (document against payment—D/P) or on a specified date in the future (document against acceptance—D/A). This product however, is not surety of payment but rather only an act of collection of funds for documents.
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Wire Transfers:
With our global links throughout the world, international
payments of all types can be completed worldwide via electronic
transmission or Bank Drafts. Your payment can be made in
either U.S. dollars or foreign currency.
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Foreign Currency:
U.S. Century Bank offers foreign currencies Spot and Forward to
manage your currency needs. Spot contracts are transactions in
which foreign currency is purchased or sold at current market
rates and delivered within two business days. Forward
contracts are transactions in which currency is purchased or
sold at a fixed rate of exchange for delivery at a specified
date in future. We offer foreign currency drafts and
foreign currency wire transfers as well.
Trade Financing
Banker's
Acceptances: providing lower financing costs for your trade
transactions, these negotiable instruments are short-term and
fixed rate and used for open account and documentary (letter of
credit or collections) transactions covering imports and
exports.
EXIM Bank: The
Export - Import Bank of the United States (EximBank) has
established the Working Capital Guarantee program to help
commercial banks extend export-related working capital financing
to exporters who, without the repayment guarantee of EximBank,
would not fully meet the bank's underwriting criteria and
qualify for financing.
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