Articles & News
 
A Guide to Letter of Credit Charges
(Updated March 2010)
 
Do you know how much your company paid to banks in Letter of Credit fees during the last year?

Our popular in-house training course highlights the ways in which you can significantly reduce costly amendment, discrepancy and other transactional charges associated with Letters of Credit.
 
When negotiating terms with buyers it is always advisable to factor bank charges into your pricing. To help you to anticipate these costs, we have drawn up the following list of typical transaction fees taken by the major UK banks:
 
 

6 Steps to Export Success

These are hard times for everyone, but many UK businesses are surviving the financial crisis by taking advantage of the weak pound and selling to overseas markets.

While exporting can increase sales though, there are risks and costs involved in selling overseas which can be disastrous for your cash flow.
 
Read the full article here.....



ECGD Letter of Credit Guarantee Scheme
 
The Export Credit Guarantee Department (ECGD) is the UK’s export credit agency (ECA) and has primarily been concerned with assisting UK exporters with the insurance and finance of capital equipment and project related goods and services. Support and expertise is provided with a particular focus on new or emerging markets.

 

Following a consultation with the government, UK banks and other interested parties, ECGD has launched a risk sharing scheme (Letter of Credit Guarantee Scheme) which will enable UK banks to confirm Letters of Credit issued by overseas banks.
 
 

 




News From the Financial Times