Banking Advice Guide

 

The BANKING ADVICE GUIDE for Small Businesses

BASED ON 15 YEARS EXPERIENCE HELPING UK BUSINESSES

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Traditionally international trade has been a lucrative area for banks.  This module mainly deals with international payments by electronic funds transfer, or by cheque.  It touches on other methods of international trade payments and when you should use them.  As with all our modules it looks at the prices you should be paying for cross border payments and receipts as well as new developments in the cross border and Euro markets where “cross border” is slowly becoming “domestic”.

Content Headings of Module

  • Feedback from you about our advice
  • Frequently asked questions
  • Automated payments and receipts
    - AFTS/SWIFT
    - Euro CHAPS
    - Branch initiated
    - Electronically initiated
  • Target rates and who can expect to achieve them
  • Foreign cheques
    - Actively discouraged
    - Bulk processing in country of origin
    - Tariff rates
  • Letters of Credit and Bills of Exchange (Bills In and Bills Out)
  • Draft Bank Letter Suggestions
  • Summary

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