International Banking
Sovereign Bank
Sovereign Bank can help your company import and export faster, smarter, and more securely. Our International Trade Banking Group can help you ease the flow of merchandise and remittances anywhere in the world, ensuring minimal risk to your company and your trading partners. Export Trade Products/Services include:
- Export Letters of Credit—Issued by an overseas bank on behalf of its customer, the export letter of credit minimizes your risk of non-payment when selling overseas. Your presentment to Sovereign Bank of the documents stipulated by you and your buyer ensures that you will receive payment as quickly as possible, and enjoy protection against losing title of merchandise before payment is received
- Letter of Credit Confirmations,
- Export Documentary Collections, and
- Export Document Preparation.
Sovereign's Trade Finance Services include: Export-Import Bank of the United States Programs.
This government agency encourages U.S. exports through a number of financing alternatives: Short-Term Trade Credit Insurance, EX-IM Bank Medium-term Programs, EX-IM Bank working Capital Guarantee Program, Standby Letters of Credit, Banker’s Acceptance, Export Receivable Financing, Export Receivable Insurance, and Forfaiting.
Contact:
Dawn Sarro , Vice President
Mail Code: CT1 FRM-01-01
1010 Farmington Avenue
West Hartford CT 06107
Phone: (860) 570-3219 or 1-877-768-1145
UPS Capital
UPS capital, in conjunction with the Export-Import Bank of the US (Ex-Im Bank), offers an Export Working Capital Program to assist qualified exporters. UPS Capital helps US companies receive pre-export financing for their goods and services in the global marketplace with the help of Ex-Im Bank financing. UPS Capital also offers an Equipment Buyer Credit Program, which offers qualified foreign buyers of US-made equipment unsecured-medium term loans without recourse to the US exporter.
Contact:
William R. Benford, Director of Business Development
55 Dorrance Street
Providence, RI 02903
Phone: (401) 553-2400
Maureen Mezei