Sources and exits for every and exits for every product and commodity such as food, precious metals, diamonds, petroleum products, cotton & iron ore just to name a few.
As a member of our Veritas Private Banking service, you can select solutions that satisfy your particular financial requirements. Your Private Banker will help connect you with products that make your money work harder.
FINANCIAL INSTRUMENTS SUCH AS:
SBLC/SLOC: Standby Letter of Credit assures your counterparty in a financial transaction of your ability to meet the financial commitment. Credit Verits will provide our credit on your behalf to give that assurance. We offer a complete range of domestic and international SBLC services to help you meet the unique agreements between you and your contract counterparties on qualifying transactions, including:
Bid Bond/Tender Bond – Supports your commitment to execute a contract that you have been awarded.
Commercial – Supports your obligation to pay for goods or services, including in the event of nonpayment by other methods. Acts as a backstop to a stream of future payment obligations, such as a lease.
Counterparty-Guarantee – Supports the issuance of a locally acceptable SBLC or guarantee by a foreign bank, including foreign branches of Credit Verits, in the country of the beneficiary.
Direct Pay – Supports payment when due, of an underlying payment obligation, typically in connection with a financial instrument without regard to potential default. A municipal bond enhancement is an example.
Financial – Supports your obligation to repay borrowed money, whether a publicly traded security (e.g., commercial paper) or a private placement.
Insurance – Supports your obligations under insurance programs, such as worker’s compensation.
Performance – Supports your nonmonetary payment obligations, including covering losses arising from your potential default under terms of an existing contract or other commitment.
Warranty – Supports your obligation to provide after-sales service for goods or services delivered.
Financing As an exporter, one of your primary objectives is to remain competitive in the ever-changing global marketplace. Credit Verits is uniquely positioned to provide you with financing solutions. As a frequent participant in guarantee and insurance programs we can help you expand your international sales, accelerate cash flow and quote more favorable competitive terms to your foreign customers.
Great for Import / Export, Commodity Trade and Credit Enhancements.
DLC: Documentary Letter of Credit.
POF: Proof of Funds
ARDLC: Automatic Revolving Documentary Letter of Credit
As well as an array of other Credit Enhancement Financial Instruments
BCL: Bank Capabilities Letter. Bank Comfort Letter
FINANCIAL INSTRUMENTS SUCH AS: