Citibank® offers import finance services
Our clients request that Citibank finance an import transaction. The financing can be through a letter of credit, a collection, banker’s acceptance or to affect a funds transfer to pay the import.
Import financing provides liquidity for import payments.
Advantages:
Financing associated with an import letter of credit, provides the importer with the necessary funds to comply with the obligation to pay the import. Most of the time is granted up to one hundred eighty (180) days.