JPMorgan Chase Vastera International Trade Services is designed to aid companies in meeting demands of the international marketplace. Bank-to-Bank Reimbursement streamlines letter-of-credit (LC) transactions processed in U.S. dollars or Euros between banks that deal in different currencies and between banks that do not have an account relationship. Export letters of credit protect against nonpayment by overseas and domestic customers. JPMorgan Chase Vastera will receive the LC on your behalf and verify its authenticity. Standby LCs substitute Chase's name on the exporter's behalf to assure the counterparty of one's ability to meet the financial commitment of a domestic or international business transaction.
Export working capital loan allows export-related accounts receivable and inventory to become loan collateral to support foreign purchase orders. Chase Trade Channel serves as an Internet portal and single point of access to Web-enabled trade applications and processes, including trade information retrieval and transaction initiation, trade document preparation and purchase order management.
Tags:
Management
Reimbursement streamlines
Internet porta;
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