Global Trade Finance

Global Trade Finance

Solutions to suit your international banking needs

Get in touch today
Add your signposting title here… How trade finance may help

Importing or exporting? Our Trade Finance solution may help you to:

 

  Secure payments for the good and services you export

  Improve your cashflow so you can better negotiate extended credit terms prior to payment of goods.

  Maintain control over your goods until payment is recieved

  Facilitate payments to be made easily and effectively

  Support you in competing for contracts globally

  Provide reassurance that the financial and commercial documentation are controlled in the banking system.

Our solutions at a glance

Letters of Credit

 

When importing and exporting a Letter of Credit (L/C) is one of the most secure methods of settlement.

Import L/C:

  • A conditional bank guarantee of payment.
  • Payment is made upon's Ulster Bank's receipt of the financial and commercial documentation (Bills of Lading, Invoices, Packing list etc) subject to the the terms and conditions of the L/C having been met.

Export L/C

  • A conditional bank guarantee of payment recieved on your behalf from another bank.
  • If you are the seller, it guarantees receipt of payment by the buyers bank upon represenation of the financial an commercial documentation (as above) subject to the terms and conditions of the L/C being met.

Terms and conditions apply.

Import L/Cs are subject to credit approval

Schedule of services - Payment & International banking charges

 



Collections (import and export)

 

Does your business need to make and receive overseas payments through the international banking system? Collections could be the answer. They provide a universally recognised method for settling overseas trade debt.

Import collections

  • Consists of a financial instrument (i.e. Bill of Exchange) together with other commercial documentation (i.e. Bills of Lading, Invoices, Packing List etc) needed to take delivery
  • Documents are released in exchange for immediate payment or endorsement of the bill of exchange as an undertaking to pay at a future agreed date

Export collections

  • Consists of a financial instrument (i.e. Bill of Exchange) together with other commercial documentation (i.e. Bills of Lading, Invoices, Packing List etc) needed by buyers to take delivery
  • Documents are released to the buyer in exchange for immediate payment or endorsement of the bill of exchange as a promise to pay at a future agreed date

Bonds, Guarantees and Standy Letters of Credit

 

A Bond or Guarantee gives a buyer the security of a financial guarantee in the event of the seller's failure to meet its contractual obligation. If the seller fails to deliver the goods or services as described in the contract with the buyer, the latter can 'call' the Bond, Guarantee or Standby Letter of Credit to receive financial compensation from the bank.

Types of Guarantees

  • Bid or Tender Bonds
  • Performance Bond
  • Advance Payment and Progress Payment Guarantees
  • Retention Bonds
  • Warranty Bonds
  • Overdraft Guarantees
  • Standby Letter of Credit

Terms and conditions apply.

Bonds, Guarantees and Standby L/Cs are subject to credit approval.

Add your signposting title here… Max Trad - Online platform

Our market leading global online trade finance platform is designed to streamline your international trade processes.

Find out more

 

 

MaxTrad

 

MaxTrad is a market leading online trade finance platform. It’s designed to assist your international trade processes by giving you a single point for managing your overseas transactions from start to finish.

MaxTrad is available to all users of Ulster Bank Trade Finance services and is particularly useful to companies with high volumes of Trade Finance transactions.

To sign up for MaxTrad please contact your Global Trade Finance sales manager or speak to your Relationship Manager.

MaxTrad is provided by and is branded as Royal Bank of Scotland, of which Ulster Bank is a wholly owned subsidiary.

Terms and Conditions apply.

Please note that MaxTrad is not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.

 

 

Add your signposting title here… Get in touch today

Our International Banking team are waiting to hear from you. Our online enquiry form takes two minutes to complete and ensure we get the right person to contact you.

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General enquiries

Please call 0345 366 5592 (UK)

or if calling from abroad, 0044 2890 538459

Lines are open 8.30am - 5.30pm  Monday to Friday - Note calls may be recorded  Call charges

 

 

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