Trade & Treasury Services
Trade Documentation & Documentary Credit
Services
In jurisdictions where clients want to be present, but don't
require an office of their own, or lack experience in specific
areas, Vistra has a dedicated Trade Services team with many years
of experience in international banking, trading and trade
documentation handling. Vistra's team provides a comprehensive
range of trade support services and clients can rely on
Vistra to provide all their trading offices requirements. Our
team will assist in initial office set-up and provide day-to-day
shipping and trading transactions support.
Operation of bank accounts with import / export and trade
facilities
Vistra facilitates the opening and operation of corporate bank
accounts with leading bankers. We can assist clients (whether they
are newly incorporated or not) in the operation and financing of
trading activities. If required, Vistra can act as a signatory to
operate client trade accounts allowing efficient processing of
payments, transfers and other communications with the
bankers.
Letters of Credit ("L/C's") Services
We can professionally assist clients with the daily management of
L/C's including:
- Applying UCP ICC Rules for Letters of Credit and
Collections
- Observing and monitoring international standard banking
practices for clients
- Establishing Transfer Letters of Credit and/or back-to-back
L/C's
- Arranging and following up L/C amendments and settlements;
advising clients on L/C amendments when required
- Applying L/C's to local and overseas suppliers; preparing L/C
applications, related invoices and other documentation
- Receiving and forwarding L/C's from buyers; preparing related
invoices
- Preparing and presenting shipping documents required under
L/C's
Trade Documentation
With Vistra's assistance in the preparation and
administration of all trade documentation, we are able to alleviate
clients of the detailed and time-consuming work involved in
processing.
For import business, as well as arranging L/C's, Vistra assists
clients with:
- issuing purchase orders to suppliers
- arranging onward delivery of import documents
- arranging payments to suppliers
For export business, Vistra assists clients with:
- sales confirmations
- sales contracts to buyers
- preparation of commercial invoices upon shipment
- co-ordinate and preparation of shipping documents for
collection
- the follow up on payments from buyers
Vistra can also assist in arranging non letter of credit
collections and the preparation of status reports.
To ensure the satisfaction of our clients' varying degrees of
service requirements Vistra can make arrangements for tailor-made
services. We can fulfill your reporting needs and are able to act
on a fixed fee basis.
