Companies involved with international
trade can take advantage of Cole Taylor's export
services including:
Documentary Collection A
common method of obtaining payment in an
export sales transaction. In many cases,
it gives you
control over the delivery of your goods until
your buyer makes payment.
Letters of Credit One of the fundamental
ways of collecting payments in the international
marketplace. They give you the peace of mind
of knowing that a bank agrees to make payment
to you as long as you perform under the terms
of the L/C.
Standby Letters of Credit Remarkably
versatile instruments that can cover default
on either side of a business transaction as
extra security. Can be used to cover both a
financial and performance obligation.
International
Payment
Services:
Foreign currency wires and drafts
Cole Taylor Bank is a member of the SWIFT network and its SWIFT code is COLEUS44.
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