Trade Finance

Nordea Bank Finland Plc is able to make a substantial contribution to a successful completion of your international trade transactions.

Bank products

Latvian economy depends heavily on foreign trade. The reliance on international trade is a source of both opportunity and risk (country risks, debtor risks, bank risks etc.).

Various import and export restrictions may exist among countries. Sometimes, deals between a buyer and a seller are concluded without meeting each other or without any knowledge of the counter party’s financial situation. In all cases, one must consider that a buyer and a seller can be separated not only by the natural barriers, for example, by a sea or an ocean, but also by differences of the legislation currently in force in these countries.

Various forms of payment have developed historically in the international practice to provide security for counter parties. The most appropriate form of payment should be chosen for each business partner in the international trade transactions.

Trade Finance Unit offers the following trade related bank products:

• Documentary collections
• Letters of credit
• Guarantees