Your results
Because you told us and you intend to use as a guide you may want to consider the following products and services:
-
International Payments
International Payments allow you to move money across borders. They can be made in sterling or other currencies, and can be requested by any client who needs to make an overseas payment electronically. You can make international payments online to almost any country if you are registered for Online Business.
-
Sterling Current Accounts
You can make payments from, and receive international payments to your Lloyds sterling current account. If you are not an existing customer, you can find out more about our sterling current accounts here.
-
Virtual Bank Service
If your business needs to receive payments in another country the Virtual Bank Service makes it possible without the cost and administration of setting up a full banking relationship overseas.
-
Foreign Exchange Risk Management
When conducting business internationally you may become exposed to exchange rate movements for foreign currencies and the risks associated with this. Identifying and appropriately managing your foreign currency exposures is crucial for making sure you get the most out of your international agreements.We have a wide range of foreign exchange solutions to suit your specific currency needs and business objectives, varying from online self-service through to a one-to-one relationship with a FX specialist for hedging requirements.
-
Foreign Currency Accounts
Open an account and choose from a wide range of foreign currencies, enabling you to hold funds, make and receive international payments to meet your international trading requirements.
-
SEPA Direct Debit
SEPA Direct Debit is a simple, convenient and efficient way to accept and make Direct Debit payments in Euro throughout the Single Euro Payment Area. It can help reduce operational costs, simplify processing and strengthen cash management forecasting as well as help improve access for UK Businesses to European markets, by removing barriers to collections.
-
SEPA Credit Transfer
SEPA Credit Transfer is a convenient and efficient way to make planned non-urgent Euro payments throughout the Single Euro Payment Area (SEPA). It is suitable for businesses that regularly make non-urgent Euro payments, and it can reduce transaction costs and remove the need for overseas Euro accounts.
-
Export Documentary Collections
Documentary Collections provide a level of security for both Seller/Exporter and Buyer/Importer. Through the Collection process, the seller’s/exporter’s documents are forwarded by their bank to a bank acting on behalf of the buyer/importer. The buyer’s/importer's bank will then release the documents only upon payment, or a guarantee of future payment, from the importer.
-
Export Letters of Credit
A Letter of Credit (L/C) is issued by the buyer’s/importer’s bank and sets a range of terms and conditions, which can be evidenced by documents presented by the exporter. The L/C is then forwarded to the seller’s/exporter’s bank who ‘advise’ it to the seller/exporter. Documents presented by the seller/exporter are then checked by both banks and the buyer’s/importer’s bank is committed to pay, or accept to pay at a future date, on behalf of their client, if the documents are compliant (correct).
-
Import Documentary Collections
Documentary Collections provide protection and a level of security for both the seller/exporter and the buyer/importer, reducing risk for all. A documentary collection is when a bank handles documents relating to the supply of goods by an seller/exporter, for the purpose of obtaining payment, or the acceptance of a guaranteed future payment, from a buyer/importer.
-
Import Letters of Credit
A Letter of Credit (L/C) is issued by the buyer’s/importer’s bank and sets a range of terms and conditions, which can be evidenced by documents presented by the seller/exporter. The L/C is then forwarded to the seller’s/exporter’s bank who ‘advise’ it to the seller/exporter. Documents presented by the seller/exporter are then checked by both banks and the buyer’s/importer’s bank is committed to pay, or accept to pay at a future date, on behalf of their client, if the documents are compliant.
-
Foreign Guarantees
A Guarantee (which can also be called a bond) is issued by a bank on behalf of their clients to support their contractual obligations, either performance or financial, to the buyer/importer. The bank commits to pay upon a claim received from the buyer/importer, under the terms of the guarantee, indicating a default under the contract. It is one of the most widely used instruments and extremely versatile.
-
Standby Letter of Credit
Similar characteristics to a guarantee commonly used in the UK to support payment obligations under a shipment of goods. Also used in lieu of a Guarantee in the US market.
-
New Product
-
Foreign Currency Deposits
Choose between our Fixed Term deposit available in a range of currencies or our 32 Day USD Notice Account to maximise your interest on surplus currency funds. For further information please see here.
-
Sterling deposits
For Sterling deposits, you might want to look at our Fixed Term Deposit or 32 Day Notice Account.
Your selected key priorities:
-
Goods/services that I purchase will be as agreed
Because you have selected this priority, as a guide you may want to discuss the following with us:
Import Letters of Credit
A Letter of Credit (L/C) is issued by the buyer’s/importer’s bank and sets a range of terms and conditions, which can be evidenced by documents presented by the seller/exporter. The L/C is then forwarded to the seller’s/exporter’s bank who ‘advise’ it to the seller/exporter. Documents presented by the seller/exporter are then checked by both banks and the buyer’s/importer’s bank is committed to pay, or accept to pay at a future date, on behalf of their client, if the documents are compliant.
-
Paying in advance for the goods/services
Because you have selected this priority, as a guide you may want to discuss the following with us:
Import Documentary Collections
Documentary Collections provide protection and a level of security for both the seller/exporter and the buyer/importer, reducing risk for all. A documentary collection is when a bank handles documents relating to the supply of goods by an seller/exporter, for the purpose of obtaining payment, or the acceptance of a guaranteed future payment, from a buyer/importer.
-
Renegotiating payment terms with a supplier
Because you have selected this priority, as a guide you may want to discuss the following with us:
Export Documentary Collections
Documentary Collections provide a level of security for both Seller/Exporter and Buyer/Importer. Through the Collection process, the seller’s/exporter’s documents are forwarded by their bank to a bank acting on behalf of the buyer/importer. The buyer’s/importer's bank will then release the documents only upon payment, or a guarantee of future payment, from the importer.
-
Being in charge of my goods, until payment is received
Because you have selected this priority, as a guide you may want to discuss the following with us:
Export Documentary Collections
Documentary Collections provide a level of security for both Seller/Exporter and Buyer/Importer. Through the Collection process, the seller’s/exporter’s documents are forwarded by their bank to a bank acting on behalf of the buyer/importer. The buyer’s/importer's bank will then release the documents only upon payment, or a guarantee of future payment, from the importer.
-
Being guaranteed that payment will be received
Because you have selected this priority, as a guide you may want to discuss the following with us:
Export Letters of Credit
A Letter of Credit (L/C) is issued by the buyer’s/importer’s bank and sets a range of terms and conditions, which can be evidenced by documents presented by the exporter. The L/C is then forwarded to the seller’s/exporter’s bank who ‘advise’ it to the seller/exporter. Documents presented by the seller/exporter are then checked by both banks and the buyer’s/importer’s bank is committed to pay, or accept to pay at a future date, on behalf of their client, if the documents are compliant (correct).
-
Reassuring the buyer that the goods/services will be as agreed
Because you have selected this priority, as a guide you may want to discuss the following with us:
Foreign Guarantee
A Guarantee (which can also be called a bond) is issued by a bank on behalf of their clients to support their contractual obligations, either performance or financial, to the buyer/importer. The bank commits to pay upon a claim received from the buyer/importer, under the terms of the guarantee, indicating a default under the contract. It is one of the most widely used instruments and extremely versatile.
Standby Letter of Credit
Similar characteristics to a guarantee commonly used in the UK to support payment obligations under a shipment of goods. Also used in lieu of a Guarantee in the US market.
-
Managing my Foreign Exchange Risk throughout the sale & purchase
Because you have selected this priority, as a guide you may want to discuss the following with us:
Foreign Exchange Risk Management
When conducting business internationally you may become exposed to exchange rate movements for foreign currencies and the risks associated with this. Identifying and appropriately managing your foreign currency exposures is crucial for making sure you get the most out of your international agreements. We have a wide range of foreign exchange solutions to suit your specific currency needs and business objectives, varying from online self-service through to a one-to-one relationship with a FX specialist for hedging requirements.
-
Managing my Foreign Exchange Risk throughout the sale
Because you have selected this priority, as a guide you may want to discuss the following with us:
Foreign Exchange Risk Management
When conducting business internationally you may become exposed to exchange rate movements for foreign currencies and the risks associated with this. Identifying and appropriately managing your foreign currency exposures is crucial for making sure you get the most out of your international agreements. We have a wide range of foreign exchange solutions to suit your specific currency needs and business objectives, varying from online self-service through to a one-to-one relationship with a FX specialist for hedging requirements.
-
Managing my Foreign Exchange Risk throughout the purchase
Because you have selected this priority, as a guide you may want to discuss the following with us:
Foreign Exchange Risk Management
When conducting business internationally you may become exposed to exchange rate movements for foreign currencies and the risks associated with this. Identifying and appropriately managing your foreign currency exposures is crucial for making sure you get the most out of your international agreements. We have a wide range of foreign exchange solutions to suit your specific currency needs and business objectives, varying from online self-service through to a one-to-one relationship with a FX specialist for hedging requirements.
-
None of the above
You did not select any of the listed key priorities, if you have any other priorities or concerns please discuss these with us.