Solutions for Exporters
WSFS understands your business needs as an exporter. Our International Services group specializes in Foreign Exchange and Trade Finance and provides efficient access to currency markets for processing cross-border payments and working capital solutions. These services allow you to focus on your core business while minimizing the complexity and risks associated with international commerce.
Whether your team is selling goods overseas, establishing new distribution relationships, or seeking to hedge currency risk exposures, the dedicated WSFS International Services team can help you optimize all of your cross-border business!
Helping operating companies and individuals minimize cross-border transaction risk with tailored international payment practices and foreign transaction risk mitigation tools.
- Supply Chain Optimization
- Early payment options can help lower costs
- International Payments – send or receive foreign funds in over 70+ currencies
- Access to government trade assistance programs to leverage foreign market opportunities
Letters of credit, documentary collections, and bankers’ acceptances are all products that can be issued to mitigate the risks such as non-payment and order cancellation. Willingness to utilize and understand these instruments merits exporters the opportunity to discount timed payments to free up additional working capital. Understanding the services available will prove advantageous when it comes to payment term negotiations with buyers.
WSFS Bank provides market expertise and payment solutions that help organizations and individuals manage international transactions. The dedicated WSFS Foreign Exchange team can help you manage the complexities of cross- border transactions and foreign exchange.
Allow WSFS to advise your business through receiving standby letters of credit on your behalf to act as a payment guarantee for trade transactions to safeguard efforts in establishing an “open account” relationship with a new buyer.
WSFS Bank provides market expertise and solutions that help organizations and individuals manage international transactions and risk. Whether your team is buying or selling goods overseas, acquiring or divesting a foreign asset, or making international payments, the dedicated WSFS Foreign Exchange team can help you manage the complexities of cross-border transactions and protect your company against volatility.
Frequently Asked Questions
A WSFS Capital Markets expert will help you find the right solution.
How the U.S. Dollar and Economy Could Affect Foreign Exchange Markets in 2023. Is Your Business Ready?
2022 was undoubtedly the year of the dollar. Although the U.S. currency has recently retreated from its October peak, the USD index still gained 8% in 2022. The main question in the foreign exchange (FX) markets today is whether this latest dollar down move is simply a technical correction due to the market’s reassessment of the future speed of U.S. interest rate hikes, or a true inversion of the trend (i.e., is the USD rally over?).Read More
Jeffrey Barsky, President at Barsky Fleming Marketing Inc. (BFM), has been importing furniture since the mid-90s. The company grew over time to import restaurant furniture from various countries including China, Vietnam, Turkey, Italy, Bulgaria, Germany, and more. In dealing with so many countries and currencies, Barsky knew there were efficiencies available that could help the business grow and capitalize on market conditions.Read More