Transforming Trade Finance with SUISSE BANK PLC

Jun 21, 2013, 13:21 ET from SUISSE BANK PLC

LONDON, June 21, 2013 /PRNewswire/ --

According to SUISSE BANK PLC, 2013 is seeing a reinvigoration of the trade finance market as volatile economic conditions continue to push borrowers back to traditional trade products.

Importers and exporters are also discovering that supply chain finance solutions are becoming more extensive while the export credit market has become one of the most vital financial instruments available.

Through its website, SUISSE BANK PLC is seeing that the trade finance industry in 2013 is combining traditional and innovative solutions, with high levels of sales growth particularly in the field of bank guarantees, letters of credit and standby letters of credit.

"Because of Basel III, everyone needs more capital and different financial structures. SUISSE BANK PLC has made significant investments in technology in order to make it easier for a client to effectively use trade products and services, but we are still seeing great demand for our bank guarantees and letters of credit," a spokesperson for the bank said.

With its extensive global presence, the London based SUISSE BANK PLC is capitalising on trends in globalisation and shifting trade flows.

"We have partnerships with hundreds of agents and brokers worldwide, and has long-term relationships with multilateral finance institutions, so we are best positioned to provide the efficiency needed to reduce costs and ensure the optimal use of capital," the bank's spokesperson added.

The core business of SUISSE BANK PLC consists of the sale of financial instruments to its shareholders.

"A lot of market participants have neither the volume nor the liquid funds to purchase hedging instruments from top banks," the SUISSE BANK PLC spokesperson said.

"The commitment of our bank has proved itself in many regards and in different application forms, ranging from project financing to import/export financing," the spokesperson said.

ABOUT SUISSE BANK PLC: SUISSE BANK PLC is a company incorporated in England with a registered office in London. Its primary competencies are in the fields of trade financing including guarantees, standby-and/or letters of credit and warranties. A lean and efficient organisation with high mobility and absolute confidentiality, SUISSE BANK PLC offers its services only to its shareholders and not to the general public.

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