Products and Services

Trade Services

Citi's Trade Solutions for corporate customers provide an array of products that help importers and exporters conduct, monitor, and control international commercial transactions as well as mitigate their associated risks. In addition, Citi provides financing solutions to both the importer and the exporter and helps to manage their payables and receivables.

With our global presence, we come to our customers with extensive knowledge of trade flows, legal and regulatory requirements, and country specific information.

In addition, our global presence allows us to take an end-to-end approach in commercial transactions, improving their efficiency.

Trade Solutions for Importers

Citibank^® Import Letter of Credit

As an importer, with a Citibank^® Import Letter of Credit, you can:

• Delay payment for imported goods until after they are shipped and after the exporter complies with certain terms.
• Use an Import LC to obtain financing for your international purchases even when the exporter cannot provide financing.

Documentary Import Collections

For commercial trade transactions, Citi's Import Documentary Collections are a simple and cost-effective alternative to Citibank^® Import Letter of Credit. You can:

• Manage transactions and collections in multiple currencies
• Centralize import payable information
• Simplify the administration of commercial trade transactions
• Reassure your trading partner of prompt remittance of payment.

Working on your behalf throughout the world, Citi's efficient import collection services assure prompt payment to your supplier's bank. In fact, we often act on behalf of both importer and exporter in a trade transaction, thus speeding processing so that imported goods can be released to you faster.

Trade Solutions for Exporters

Citi Romania supports every aspect of your documentary trade transactions, from issuing, advising, amending, confirming and paying, letters of credit to settling and administering documentary collections. The following solutions are offered:

Export L/Cs confirmations

A Citibank^® Letter of Credit Confirmation enables exporters to:

• Minimize both the importer's country risk and the issuing bank's commercial credit risk.
• Assures the payment by the confirming Citi branch-which is particularly valuable when your client is located in a potentially unstable environment. Confirmations can be arranged efficiently and quickly - usually within two business days we'll indicate our willingness to confirm letters of credit by Citi branches or correspondent banks around the world.

Export Collections

• Our Export Documentary Collections offer exporters an alternative payment method to letters of credit. When you ship goods to an importer, Citi retains custody of the title documents, until payment is received or expectance is obtained from the importer.
• Unlike with letters of credit, the bank does not cover credit and country risk. If you are comfortable assuming those risks, Export Documentary Collection maybe a cost-effective option.

Bank Guarantees

Very often in international and domestic trade you are requested to provide your partner with a bank guarantee, or you are to receive a bank guarantee that you would like to be confirmed.

Citi can help you with the issuance as well with the confirmation of bank guarantees efficiently and quickly.