Non-Documentary Business
International non-documentary foreign trade is consists of all foreign money transactions for which no documents are used.
Whether the transaction is in foreign currency or not, as a receiver, you expect your financial institution to credit your account with incoming payments; whereas, as a sender, you expect your financial institution to record the transfer of your outgoing payments.
To make the transactions easy for you, Private Scandinavian Sparkasse Investment Bank formulated the right solution for both sides as we provide you with liquidity planning opportunities for financing and securing receivables and services. In this matter, PSSIB's I-Teller would be the best solution for you. The non-documentary foreign trade guarantees may contain conditions of payment which are framed in factual instead of documentary terms.
