Export Commercial Letters of CreditExport Documentary CollectionsTransferable Letters of CreditBanker's AcceptanceExport Commercial Letters of Credit
If you are a manufacturer/exporter, export commercial letters of credit provide you with assurance of payment for your export against the presentation of shipping documents that comply with the terms of the letter of credit. Manufacturers Bank may also confirm letters of credit issued by banks and/or in countries considered riskier to give you added assurance of payment.
Export Documentary Collections
If you are a manufacturer/exporter, export documentary collections provide you with an alternative cost-effective method to ensure payment from your overseas customers based on presentation of shipping documents to the buyer's bank. It enables you to retain control of the title documents for the merchandise being sold, until you are fully paid.
Transferable Letters of Credit
If you are a middleman, transferable letters of credit allow you to transfer the letter of credit from your buyer to a supplier to purchase the required goods, without a line of credit. It enables you to secure your profit on the transaction and to substitute your name on the letter of credit in place of your buyer.
A Banker's acceptance can be created with a time draft under an export letter of credit advised or confirmed by Manufacturers Bank. A discounted banker's acceptance is a low-cost fixed-rate alternative to the traditional financing that helps exporters accelerate cash flow.