• Factoring
  • WSBC Bank pays corporate customers up to 80% of the value of outstanding invoices allowing an immediate cash injection
  • Payment is made within 24 hours and the balance, less fees, is paid when collection is realized
  • WSBC Bank assists in collections, helping reduce late payments and bad debt
  • Export Factoring enables customer to factor overseas sales, retaining full control of domestic invoices
    
    
• Invoice Discounting
  • A "per transaction" one-off cash injection
  • Does not require an ongoing commitment to utilize WSBC Bank's factoring service
  • Pays up to 80% of outstanding invoice value and the balance less fees when collection is realized
    
    
• Letters of Credit
  • A credit facility issued by WSBC Bank guaranteeing payment(s) on behalf of our corporate customers to a beneficiary/bank.
  • Import LC's reduce cross border trading risks, increases cash flow and operating efficiencies
    • reduce risk and ensure that products/goods that are ordered from overseas suppliers are shipped according to the agreed terms - before payment is perfected
    • offer a secure alternative to the risk of prepaying for orders without tying up credit facilities and cash flow
      
  • Export LC's offers assurance of payment for export shipments based on presentation of documents that comply with the LC
  • Available in all major currencies

Download Referral Agreement (501k)

WSBC Bank Forms

1 WSBC Bank AAP Account Application (630k)

2 WSBC Bank LCC Letter of Credit Contract (620k)

3 WSBC Bank LAD Agreement for Documentary Credit (477k)

4 WSBC Bank LCA Letter of Credit Application (301k)

5 WSBC Bank AAD Assignment of Accounts as Security (234k)

6 WSBC Bank BOE Bank Bill of Exchange (217k)

7 WSBC Bank LOH Letter of Hypothecation of Goods (418k)

8 WSBC Bank DAI Intimation Letter (612k)

9 WSBC Bank TLC Tripartite LC Agreement (436k)

10 WSBC Bank LOI Letter of Indemnity (608k)

11 WSBC Bank RMI Remittance Instructions (196k)

12 WSBC Bank SLA Standby Letter of Credit Contract (620k)

13 WSBC Bank TSLC Tripartite SLC Agreement (628k)

14 WSBC Bank TRF Trust Receipt (619k)

15 WSBC Bank GU Continuing Guarantee (434k)

Export Transaction Financing™ Form

The Export Transaction Financing program provides pre-shipment working capital from $10,000 to $10,000,000 to the beneficiary's of Documentary Letters of Credit against an assignment of proceeds to selected private funding sources. The application for financing should be accompanied with a copy of the beneficiary's Letter of Credit or draft.

ETF Application (304K)