SKIP TO SITE NAVIGATION | SWITCH TO GRAPHICAL VERSION
Limit your company’s foreign-risk exposure while maximizing the use of its capital. Wachovia’s International Receivables Secured Funding Program provides exporters who have a larger portfolio of foreign accounts receivables with the ability to expand their borrowing potential while mitigating the risk of a catastrophic trade credit loss.
Traditional asset-securitization programs and secured-credit facilities normally exclude foreign accounts receivable from the pool of eligible assets. For exporters with larger pools of foreign accounts or notes receivable, Wachovia’s Secured Funding Program may be the solution.
The Secured Funding Program offers the same liquidity benefit as an asset-securitization program, by converting a significant portion of your foreign accounts receivable into cash.
An insurance policy provided by a private insurance company and crafted for this program also helps to reduce your company’s exposure to catastrophic losses from trade credit defaults.
Under the Secured Funding Program, your company continues to service its client accounts. Your export customers are normally unaware that their account has been insured or that the asset has been pledged to a lender.
Larger pools of insured accounts receivable will often realize an interest rate reduction. The Secured Funding Program may also reduce the reliance on other bank credit lines.
Corporate & Institutional