Companies selling goods internationally need financial support and advanced systems to get their products to market, and ensure prompt payment and the delivery of accurate information. Bank of America Merrill Lynch can make it simple for you to finance exports, manage your export receivables and monitor your export business worldwide.
Awards & Recognition
- Best Trade Bank in North America – Bronze WinnerTrade & Forfaiting, 2012
- Best Bank in North America for LiquidityGlobal Finance, 2012
- Euromoney Trade Finance SurveyEuromoney, 2012
- Best Trade Finance Bank in North AmericaGlobal Trade Review, 2011
- Best Overall Bank for Cash Management, North AmericaGlobal Finance, 2011
Overview
Document Presentation & Payment
Expedite the preparation and presentation of your export documentation and accelerate collection of your receivables, settled on traditional letter of credit, private label letter of credit and open account terms. In addition, improve visibility to the entire order to cash process and mitigate foreign buyer risk.
Letter of Credit Confirmations
When Bank of America Merrill Lynch confirms a letter of credit issued by another bank, we add our credit standing to that of the issuing bank, guaranteeing payment to the seller if terms and conditions of the letter of credit have been fulfilled.
Receivables Finance
Turn receivables into cash with receivables finance from Bank of America Merrill Lynch. Our solutions can enable you to sell on both letter of credit and open account payment terms, reduce collection cycles, increase your access to liquidity and better manage your cash flow.
Structured Trade Finance
We work with export credit agencies and secondary market participants to tailor innovative solutions to meet your short- and medium-term export financing needs. Our creative structuring capabilities can help you offer attractive financing to overseas customers and significantly reduce non-payment risks. If you are a U.S.-based exporter, you may qualify for pre-export financing with a 90% guarantee by the Export-Import Bank of the United States (Ex-ImBank).