Trade facilitation
Euro Exim Bank, an authorised supervised bank regulated by the Financial Services. Regulatory Authority of St Lucia, supports SME’s and Tier 2/3 corporates globally with the issuance of financial instruments.
For international buyers and sellers, the evolving world of international trade involves complex regulation, compliance and confidence. Navigating this ever-changing landscape, EEB provides safeguarded, trusted, cost effective services.
Our primary role is issuance of Instruments, including:
- Letter of Credit: Document issued by the Bank that guarantees payment to a seller on behalf of a buyer.
- Standby Letter of Credit: Bank document issued on behalf of its client, providing a guarantee of its commitment to pay the seller if the buyer defaults on the agreement.
- Bank Guarantee & Tender Guarantee: Promise by the Bank to cover losses in case of Buyer or service provider default on its project or performance obligation.
- Proof of Funds: Statement that verifies an individual or entity has a certain amount of Funds available.
- Pre-Advice Service: Offered by the Bank to inform the beneficiary of the details of a letter of credit before the shipping documents are presented.
- Bank Comfort Letter: Assures a third party of appropriate soundness of a particular individual or Company.
- Ready, Willing & Able Letter: Issued by the bank that confirms that a company is financially capable of fulfilling a contract.
