Global Trade Solutions for Exporters
Achieve your international trade goals with risk mitigation and financing support from Fifth Third Bank.
Exporting presents risks and uncertainties not found in domestic trade—whether political, transfer, or credit risk. That’s why almost half of all international sales are made using some form of risk mitigation.
The Global Trade Solutions team at Fifth Third Bank can help you achieve an optimum balance between transaction costs and risk exposures to facilitate overseas transactions.
Overcome the challenges associated with export finance.
In international transactions, the buyer’s preference is typically to take as long as possible before paying. It is common to see “supplier financing” of 60, 90, or even 180 days or more, depending on the goods. During that time, your company may experience ballooning of its accounts receivable.
However, middle ground exists between open account and cash in advance—middle ground in which intermediaries conduct the exchange of documents for payment, assume various degrees of risk, or provide pre-export financing for the seller and post-import financing for the buyer.
Navigate international trade and banking channels with the guidance of an experienced global trade team.
With a full range of solutions and an extensive international correspondent network, we can help your company mitigate risks of nonpayment; collect proceeds from export sales; arrange bid, performance, and advance payment bonds; and grow foreign sales through export financing.
Our global trade professionals have many years of trade industry experience across a variety of disciplines, so you can expect experienced, hands-on guidance in using international payment instruments and in navigating international trade and banking channels.
Explore our Global Trade Solutions for Exporters below.
Export Financing
Extend credit to your foreign customers and sell or borrow against the foreign receivables. Use our Export Financing to finance export-related inventory by accessing programs available through providers like the Export-Import Bank of the United States and the Small Business Administration.
Export Letters of Credit
Minimize your risk of nonpayment when selling overseas, and improve and centralize the collection of your proceeds from export sales with Export Letters of Credit.
Standby Letters of Credit
Reduce the need to provide cash deposits or more complicated forms of surety by using Standby Letters of Credit.
Export Documentary Collections
Retain control over documentation needed by foreign customers and get assistance with collecting timely payment through our Export Documentary Collections team.
Fifth Third Global Trade Direct
Better manage your Letter of Credit and Documentary Collection activity 24 hours a day with our Fifth Third Global Trade DirectSM Internet portal.
Foreign Exchange
Develop a Foreign Exchange risk management strategy to help your business optimize international cash flow and limit the risk of currency value fluctuations.
Disclosures
- Loans subject to credit review and approval.
- Deposit and credit products offered by Fifth Third Bank. Member FDIC