Global Network: Trade capable in 81 countries with over 1000 people working globally who possess specialized Trade Expertise in 102 local country markets.
Voted Best Trade Finance Bank globally, within, the US, and the Americas, in 2003 (Global Finance)
Ranked #1 Short Term Trade Finance Bank (Euromoney)
Ranked Top North American Trade Bank (Greenwich)
Attention to detail through service
To find out more or schedule an appointment with a CitiBusiness® Relationship Manager, call 1-877-528-0990
Documentary Letters of Credit support your business relationships with your suppliers around the world, assuring payment to the beneficiary (exporter) upon presentation of conforming trade documents specified by you in the letter of credit.
The banks guarantee payment to the exporter promise to pay if documents are properly presented.
Both parties can also benefit from using the letter of credit as a means to access our range of international trade financing capabilities
Standby Letters of Credit
An importer can purchase a payment guarantee that protects the exporter in the event of non-performance of a contractual obligation.
Typically does not call for documents evidencing shipment of merchandise.
Direct payments standby letter of credit can also be used to effect direct payments to the beneficiaries.
Bid standby letter of credit helps mitigate the risk of a bidder's failure to perform on the bid and is often used in lieu of a bid bond.
Performance standby letter of credit mitigates risk of a contract party's failure to fulfill the terms of the contract often used in lieu of a performance bond.
CitiDirect® for Importers
Borrower-based product offering with access at any time from anywhere.
A payment method in which the goods are shipped to the importer and the bank retains custody of the title documents and delivers them to the buyer when the buyer pays for the goods or commits to pay.
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