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Trading overseas is a good way for your business to reach more customers and grow your business, but there may be risks. We have solutions to help your business trade safely and manage the key risks in international trade.
When you buy and pay for goods or services from a new overseas supplier but do not receive them as per the terms of the contractual agreement, your business may be at risk.
A change in financial markets can affect every UK commercial business that imports or exports.
An understanding of how exchange-rate risk can impact your business can help manage risks when you:
Exchange currencies online or by phone with our Financial Risk Managers.
We’ll also give you access to:
When exporting to overseas customers, they may not meet their contractual obligations.
They may also not pay for the goods and services you’ve sold to them.
There is also a chance they may not pay the correct amount or pay by the agreed date. Our team of Financial Risk Managers can help you identify, quantify and manage these risks to help protect your business.