If your company exports, you want to be assured that you'll receive payment from your overseas buyers in a timely manner. This assurance is made by requiring a letter of credit from your buyer's bank. BB&T International Services can serve as the advising or confirming bank for your export LCs and offer guidance on the terms of the letter of credit, which may assist you in minimizing nonpayment due to financial or country risk.
For added convenience, you can monitor and manage transactions online using BB&T TradeAssist, which allows exporters to receive notification of export and standby LCs from overseas buyers, receive collection notices, and track documents and payment activity.
BB&T also offers a full suite of export finance products arranged through the Export-Import Bank of the United States. These products are designed to help you hedge against nonpayment risks and provide working capital financing for your exports.