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International Trade
International Trade
Expanding your reach to the global markets

For businesses who decide to go global, Cathay United Bank is here to assist with the process of exporting to or importing from foreign markets by providing transaction advice using financial instruments like letters of credit, documentary collections and bankers' acceptances.

Documentary Collection

The main risk of shipping goods on a collection basis is that you have no guarantee of payment once you have shipped the goods to the buyer. Documentary collection is a cost-effective alternative to letter of credit in which it provide you, the exporter, with added security to the transactions by allowing you to retain control of the title documents to the goods. Cathay United Bank can direct foreign banks to release title documents after payment is made by your buyer, or against your buyer's written promise to pay at a future date.

Bank Guarantee

In international trade, it is difficult for buyers to assess their supplier's ability to produce goods as ordered or to provide reimbursement for any default as per contract. Hence, a good way to protect buyers will be a bank guarantee. Bank guarantee will acts as compensation for any breach of contract in which it permits the buyer to collect a sum of money from the issuing bank on demand. For more information on guarantees, please contact our international trade specialist @ 023 – 211 211

Advisory Services

When you're ready to expand your business overseas, there is no more knowledgeable resource than the professional advisors at Cathay United Bank. We are here, ready to assist you in expert consulting on international trade financing, and technical advice on solving specific international business and trade problems. Use the vast knowledge base of our Advisory Services to insure that your expansion is smart and profitable.

Import Services

Need to manage your international purchases or need to establish lines of credit to finance your inventory? Cathay United Bank's International Trade Finance Team can offers advice on a wide range of trade finance products to assist you in your importing activities.

While you cannot eliminate the risk of not receiving the good which you had ordered and paid for, a letter of credit enable you to reduce the risk of unfulfilled orders by providing your supplier with an undertaking of payment, and often specify shipping and payment dates to coincide with your inventory requirements and cash flow demands. So come to us with confidence for our services and expertise to streamline the entire process in making your business more productive and profitable!

Export Services Our export services can help exporters minimize their risk of non-payment for goods which have been shipped to the foreign buyer. By relying on us, we can assist you in your exporting activities and tailored the right products, such as letters of credit and documentary collections, to suit your specific needs.

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