Financial institutions around the world may require an international bank to provide the global reach and trade services they cannot address alone. You maintain your client relationships through our private label services, while your clients benefit from the extensive experience, global network and advanced trade technology of Bank of America Merrill Lynch, working behind the scenes to expedite their cross-border transactions.
- 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
Private Label LC Issuance
We provide back-office processing for your import and export letters of credit, documentary collections, and reimbursements, leaving you free to concentrate on managing credit and customer relationships. You remain the primary service provider throughout the transaction process.
Letter of Credit Soft Restriction Program
Letters of credit issued by your bank can include a local payment clause instructing the negotiating bank to present documents for payment to a Bank of America Merrill Lynch branch.
We serve as your reimbursing bank under your letters of credit. By using your Bank of America Merrill Lynch USD account to consolidate your letter of credit payments, you'll enjoy consolidated pre-debit advices, real-time balance and transaction reporting and overnight investment services for excess balances.
Export Bills Collections
Quickly deposit the funds due from export receivables into your account while keeping informed of paid and open items. We can help you combine courier delivery of open receivables letters, payment tracing, tracking, reporting and received funds concentration into a single, integrated solution.