Year: 2015

LETTERS OF CREDIT – SANCTIONS CLAUSE VS PAYMENT UNDER UCP

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LETTERS OF CREDIT – SANCTIONS CLAUSE VS PAYMENT UNDER UCP

The documentary letter of credit (“LC”) is a key payment method in international trade – not only does it satisfy both the seller’s and the buyer’s conflicting needs, but it also is considered to be relatively risk free. However, the recent surge in financial sanctions and embargoes, and the resulting “sanctions clauses” in LCs trying to meet the issue, is challenging the fundamental nature of an LC.

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Cutting your dept

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1. Find out what you owe

Before you can make any plans, you need to know how much money you owe – and for what. The simple place to start is your credit report, which lists your credit accounts, from loans, cards and mortgages to utilities, mobile phone contracts and catalogue accounts. As well as your repayment history and the amounts you owe, it details applications for new credit accounts, court judgments, IVAs or bankruptcies and other information that lenders use when calculating your credit rating. There’s also a useful list of your lenders, which can act as a quick reminder of accounts you might forget

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Your Company’s Success!!

Posted by federation on

What Is the Difference Between “Discreet” and “Discrete”?
NUANCE!!

What’s the difference between our dedicated Trade Finance Team and everyone else?

Your Company’s Success!

Don’t Use YOUR import credit line to import goods.

Use OURS instead!

Talk to Us

Posted by federation on

It’s a Pretty Active World That We live in. New needs, New Products developing all the time.
Talk to Us about your financing needs. Contact Us Today

NEWSLETTER – MAKE YOUR DEAL FIT THE FINANCE

Posted by federation on

Greetings!

We begin 2013 with our continuing update on points of interest in our world, which happens to be largely your world too. During the last year we were starting work on the platform for a business component that works hand in glove with the trade finance business. We refer to the ability to combine finance with providing products for which there is continuing demand in many parts of the world.

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Alternative Finance: Using Your Available Capital Most Efficiently

Posted by federation on

Greetings!

It’s a new year.  One month gone!! But it may seem surprisingly like the old year when you deal with your banker trying to handle Letters of Credit or any form of Finance.

We begin 2015 with our continuing update on points of interest in our world, which happens to be largely your world too.

Continue reading “Alternative Finance: Using Your Available Capital Most Efficiently” →

NEWSLETTER – The most successful businesses understand risk management.

Posted by federation on

Import businesses are particularly susceptible to liquidity and QA/QC risk.

A very common scenario:

1) An importer works hard over the years to build rapport and eventually suppliers are willing to extend open terms.

2) The supplier encounters financial hardship and is forced to ask the importer for a deposit.

3) The importer must now come up with a deposit (damaging liquidity), and their money is now at risk in the event goods arrive in poor condition (as cost cutting can affect QA/QC standards).

What can an importer do to mitigate liquidity and QA/QC risk?

The Answer: offer their supplier a letter of credit from WESTCAP instead of sending a deposit. Our LCs are backed by OUR cash, NOT YOURS! Your cash is your livelihood–don’t sent it overseas until your goods arrive and you are sure you’re getting exactly what you want. We help hundreds of businesses grow by mitigating liquidity and QA/QC risk,  and we can do it for you.