Solutions for Importers
WSFS understands your business needs as an importer. 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 buying goods overseas, establishing new supplier relationships, or seeking to hedge currency risk exposures, the dedicated WSFS International Services team can help you optimize all of your cross-border business!
Documentary trade instruments such as commercial letters of credit, documentary collections, and bankers’ acceptances are proven methods to tap the global marketplace.
- Ensure timely payments
- Maximize documentation protection
- Minimize transaction handling
- Access financing options in multiple currencies
Import letters of credit, documentary collections, and bankers’ acceptances are all products that can be issued to mitigate the risks associated with importing. Willingness to utilize and understand these instruments gives importers an advantage when it comes to payment term negotiations with their suppliers.
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.
A common need for a standby letter of credit is driven by an importers concern regarding compliance to the quality/specifications of the product and/or a shipping schedule compliance. Here the standby letter of credit covers the exporter’s nonperformance. Should the exporter fail to ship, the importer may recover the advance payment by drawing upon the standby letter of credit issued in their favor.
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.
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