|
|
 
If you are looking
for international and domestic trade financing, Cathay Bank provides
a full line of diversified international and domestic
banking services tailored to meet your varying financial needs.
Founded in 1962, Cathay Bank has prided itself on having one of the most
knowledgeable and experienced trade finance groups in the West. Our
seasoned Trade Finance Specialists not only have in-depth knowledge of
trade financing and international banking services, but also have the
ability to anticipate customers' banking needs.
Cathay Bank issues letters of credit (L/C) to most countries worldwide.
We have an extensive correspondent bank network in Asia, Europe, and
South and North America, which can facilitate expedited trade processing
for you. In addition, our fully staffed International Operations
Department is committed to accurate and speedy processing of all your
documentary transactions through our advanced automated L/C operating
system.
With our experienced trade finance experts, extensive correspondent
bank network, and the efficiency of our advanced L/C operating
system, we are committed to guiding you through every phase of your
foreign trade activities - from structuring a line of credit to
finance your trade cycle, issuing and negotiating your letter of
credit, and providing foreign exchange services to increase your
trading profit.
In addition to Import and Export Letters of Credit and Documentary
Collections Services, we also assist you with negotiating, advising
and confirming letters of credit, and pre- and post-export financing
in an efficient manner and with competitive pricing.
Below is a brief summary of our services:
| Type of Financing |
 Import
and export L/C financing
Accounts
receivable and inventory financing
Asset-based
financing
Documentary
collections financing |
 |
| Letter of Credit and
Documentary Collections Services |
Issuance of commercial letter of credit
Issuance of stand-by letter of credit
Issuance of back-to-back letter of credit
Issuance of transfer letters of credit
Negotiation of import and export letters of
credit
Import and export documentary collections
(D/A, D/P)
Discounting banker's acceptances
|
|
| Remittance |
Foreign
- SWIFT (Society for Worldwide
Interbank
Financial Telecommunications)
|
This advanced and reliable
system can transfer funds on-line within 24 hours to most
major cities worldwide. |
Domestic - FedWire
|
For money transfer within
the U.S., this system provides funds delivery instantly
through our extensive on-line correspondent bank network. |
|
|
| Foreign Exchange Service |
If you have payables or receivables in foreign currency,
Cathay Bank offers both Spot and Forward Contracts to facilitate
your international banking needs. With no extra fee and our
favorable exchange rates, your company will have greater flexibility
in pricing your payables while staying competitive in today's
global marketplace. As a major Chinese-American bank in the
foreign exchange market, our knowledgeable Foreign Exchange
Specialists are able to assist you with prompt, personal and
professional service.
Spot
Contract
|
Allows for the setting and delivery of
your foreign exchange transactions within two business
days. |
Forward
Contract
|
Provides for future delivery of foreign
currency at an established exchange rate for maturities
up to one year. You may choose from a fixed date maturity
or a window delivery contract, which provides the flexibility
of executing delivery within a 30-day period. |
Non
Deliverable Forward (NDF) Contract
|
The NDF is similar to a forward contract. The
key difference is that settlement of the contract is made, not
by actual delivery of the currencies, but by taking the
difference between the agreed rate and an official "fixing
rate" to determine the net settlement amount in U.S. dollars. |
Foreign
Currency Option
|
An agreement where the option buyer has the
right to buy or sell foreign currency at a specified price
on a specific date by paying an option premium. It allows
buyer to take advantage of favorable movements in the
exchange rate. |
|
|
| Foreign Currency Time Deposit
(FDIC insured) |
If you want to hold foreign currency deposits and maximize
your investment, our Foreign Currency Time Deposits will allow
you to take advantage of fluctuations in exchange rates1
and get you the most out of every investment dollar. At Cathay
Bank, we offer a wide choice of foreign currencies at competitive
rates to serve your investment needs. |
|
| Cathay
eCashManagement Service |
This service provides both transaction capability and current
account information access right from your PC through the internet.
You can issue wire transfer instructions, view loan balances
and arrange for online loan payments to the Bank. |
|
Lending Limit
|
Cathay Bank is able to lend millions in large dollar trade
finance. For major large dollar credit, the bank can also
do participation loans involving other banks. With over
40 years of experience in international financial transactions,
our highly experienced Trade Finance Specialists are able
to create flexible financing solutions to meet your unique
international trading requirements. |
|
For more information, please contact our international banking specialists.
1 Fluctuations in exchange rates of foreign currencies
may reduce principal.
|
|
|
Checking
