Bankers’ Acceptances for Exports
Want to gain greater flexibility for the financing of goods in the channels of trade? If you’re a company involved in exporting, Fifth Third Bank can assist you with low-cost, short-term, fixed-rate financing. Consider Fifth Third Bank Bankers’ Acceptances, debt instruments that can help you obtain increased flexibility with your short-term funding needs.
A Banker's Acceptance is a time draft “accepted” by Fifth Third Bank as an unconditional commitment to pay the draft at an established maturity date.
Banker's Acceptances can be created in conjunction with transactions involving:
- Letters of credit
- Documentary draft collections
- Open Account sales
When your draft is accepted by Fifth Third Bank, it becomes a negotiable instrument that can be sold in the open market with pricing near, and often below, LIBOR.
Fifth Third Bank’s Bankers’ Acceptances service is scalable, and requires minimal setup and no interfaces.
Find out more about Fifth Third Bank Bankers’ Acceptances for exporters. Contact a Global Trade Services Sales Representative.
Loans subject to credit review and approval.
Deposit and credit products offered by Fifth Third Bank. Member FDIC