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Access all the commercial banking resources your business needs to succeed.
Wintrust International Services
Wintrust International Services
You want a bank you can count on to support you no matter how far your business goes. We offer a comprehensive menu of international services, supported by a team of experienced in-house professionals.
Wintrust International Services
You want a bank you can count on to support you no matter how far your business goes. We offer a comprehensive menu of international services, supported by a team of experienced in-house professionals.
Foreign Exchange
Foreign Exchange
International Payments
International Payments
We’re prepared to be your international payment provider with competitive rates, access to over 130 currencies, and a team of professionals dedicated to providing best-in-class service. Our i-BusinessFXTM platform gives you a user-friendly means to make payments with ease or work with our traders. Whether paying foreign vendors or repatriating funds back from overseas, Wintrust has the tools to save you money and make your foreign payments a breeze.
Hedging Services
Hedging Services
Scaling up your international business often means increased exposure to currency risk, whether overt or less obvious. Our FX team is here to help identify and mitigate that risk via forward contracts, swaps, and more. Lock in rates for future dated transactions to know your costs, secure profit margins, or hedge your foreign balance sheet assets and liabilities.
Foreign Currency Accounts
Foreign Currency Accounts
Wintrust offers accounts in several major currencies, which is a perfect way to take advantage of natural hedge opportunities where inflows and outflows offset your overall FX risk. Funds in the account can be used for payment obligations, or bought or sold should market movement provide favorable opportunities.
Canadian Check Clearing
Canadian Check Clearing
Increase the speed of clearing incoming Canadian checks with our Canadian check clearing services. Canadian checks can be processed on a cash letter for expedited credit or collection, depending on the size of the check.
Letters of Credit and Collections
Letters of Credit and Collections
Trade Letters of Credit
Trade letters of credit (L/Cs) are a powerful and secure mechanism for providing trade finance to importers and exporters.
Exporters can use trade L/Cs to provide confidence in payment on first-time sales, specialized equipment, or larger dollar value shipments. Our bank can provide guidance on how these L/Cs can be structured to best fit your export sale.
Importers can use trade L/Cs to avoid paying cash in advance for their purchases. They can utilize a trade letter of credit to make more confident purchases and establish good supplier relationships. Buyers and sellers find payment protection and a more disciplined purchase process that benefits both parties.
Standby Letters of Credit
Standby letters of credit provide a secure method of securing advance payments, performance milestones, bid bond requirements, and other financial security needs.
Documentary Collections
This is a payment mechanism for both importers and exporters who have had some payment experience with ongoing relationships. Shipping documents are sent along with an invoice for payment to the buyer through their bank. These payment terms can be at sight or at an agreed-upon repayment term. The bank credits the supplier’s account once the buyer’s bank has delivered the funds.
Trade Letters of Credit
Trade letters of credit (L/Cs) are a powerful and secure mechanism for providing trade finance to importers and exporters.
Exporters can use trade L/Cs to provide confidence in payment on first-time sales, specialized equipment, or larger dollar value shipments. Our bank can provide guidance on how these L/Cs can be structured to best fit your export sale.
Importers can use trade L/Cs to avoid paying cash in advance for their purchases. They can utilize a trade letter of credit to make more confident purchases and establish good supplier relationships. Buyers and sellers find payment protection and a more disciplined purchase process that benefits both parties.
Standby Letters of Credit
Standby letters of credit provide a secure method of securing advance payments, performance milestones, bid bond requirements, and other financial security needs.
Standby Letters of Credit
Standby letters of credit provide a secure method of securing advance payments, performance milestones, bid bond requirements, and other financial security needs.
Documentary Collections
This is a payment mechanism for both importers and exporters who have had some payment experience with ongoing relationships. Shipping documents are sent along with an invoice for payment to the buyer through their bank. These payment terms can be at sight or at an agreed-upon repayment term. The bank credits the supplier’s account once the buyer’s bank has delivered the funds.
Documentary Collections
This is a payment mechanism for both importers and exporters who have had some payment experience with ongoing relationships. Shipping documents are sent along with an invoice for payment to the buyer through their bank. These payment terms can be at sight or at an agreed-upon repayment term. The bank credits the supplier’s account once the buyer’s bank has delivered the funds.
Trade Letters of Credit
Trade letters of credit (L/Cs) are a powerful and secure mechanism for providing trade finance to importers and exporters.
Exporters can use trade L/Cs to provide confidence in payment on first-time sales, specialized equipment, or larger dollar value shipments. Our bank can provide guidance on how these L/Cs can be structured to best fit your export sale.
Importers can use trade L/Cs to avoid paying cash in advance for their purchases. They can utilize a trade letter of credit to make more confident purchases and establish good supplier relationships. Buyers and sellers find payment protection and a more disciplined purchase process that benefits both parties.
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Additional Services
Additional Services
i-BusinessGlobalTM
i-BusinessGlobalTM
This web-based system allows commercial clients the ability to electronically transmit their documentary collections and letters of credit to the bank. Applications and amendments can be managed online, creating a secure storage site for communication with the bank and for managing and reporting purposes for the client. Clients receive reduced fees using the electronic platform to communicate securely with the bank’s trade operation staff.
U.S. Government Loan Programs Supporting Export Trade (SBA/EXIM Bank/USDA)
U.S. Government Loan Programs Supporting Export Trade (SBA/EXIM Bank/USDA)
Several U.S. government programs incentivize U.S. banks to provide financing for cross-border trade. These programs have different mandates and underlying credit criteria. Our trade finance specialists can assist you in determining if any of these programs can offer additional support to grow and finance your export sales.
