There are definitely profits to be made overseas but selling goods internationally means dealing with an often unfamiliar financial world. At First Bank, our bankers are well-versed in international commerce and can help your business navigate the complexities while minimizing risk.
- Minimize counter-party risk and guarantee payments.
- Use efficient online systems to track letter of credit documents.
- Improve management of sovereign risk and foreign banking system risk.
- Minimize exchange rate risk.
- Negotiate better terms through payment in foreign currency.
- Originate spot wires efficiently.
- Receive payments of foreign currency.