International Banking Services

In recent years, technology has made it possible for almost any business to work on a global level, and we are ready to support your involvement in international markets and payment channels. We offer a comprehensive menu of international banking services supported by a team of experienced in-house professionals including:

• Foreign Exchange
• Foreign Collections
• Letters of Credit (Standby, Import & Export)
• Bankers Acceptances
 
Foreign Exchange
Foreign exchange services include currency risk management, order management, trade execution, wire transfer, currency management program structuring, and hedging strategy development. Our experienced team of traders, currency advisory team and currency strategists, work to provide our clients with timely market information, competitive pricing and strategic and quantitative expertise. Most importantly, we understand each business’s needs on a personal level because all of our services are locally based.

Foreign Collections
Our Foreign Collections Service is used in order to speed the collection of your incoming international payments.  This in effect helps your cash flow. We are equipped with specialists in this field who are always available to provide you with any information or suggestions on your foreign collection transactions.

Letters of Credit
Letters of credit are a very powerful and secure mechanism for providing trade finance to foreign buyers.  They are generally used as an insurance policy against the chance of loss through a transaction.  Our bank will help back transactions so that they occur in a smooth, orderly process.

Bankers Acceptances
Bankers acceptances are a money market instrument used to finance international and domestic trade.  Checks are drawn on a bank by an importer or exporter and represent the banks unconditional promise to pay the face of the note at maturity.

For more information, contact Jon Kolb in Treasury Managment at 847-277-8911 or email jkolb@barringtonbank.com.