Companies importing goods need to mitigate cross-border trading risks and increase cash flow and operating efficiencies. Bank of America Merrill Lynch can help you compete more effectively globally with trade finance solutions tailored to your specific needs as an importer.
- 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
Replace paper-based functions with electronic processes. Choose from multiple settlement options, such as open account payments, traditional letters of credit and private label letters of credit. Increase transparency and visibility throughout your supply chain by linking all of your supply chain service providers into an end-to-end payment and settlement process.
Supply Chain Finance
As a buyer, providing your suppliers with access to credit can help you reduce the cost of goods sold, strengthen supplier relationships and more efficiently manage working capital. We offer a comprehensive suite of supply chain financing programs to benefit you and your suppliers.
Achieve cost-effective financing of international trade for shipments under letters of credit, collection or open account. Low-cost and widely used banker's acceptances from Bank of America Merrill Lynch help you facilitate cash flow and trade relationships.
Manage letter of credit and open account payment terms aggressively without penalizing your suppliers; reduce payment cycles; enhance your access to liquidity; and eliminate routine inquiries.