Corporate Lending Products
International Department
South Florida has become an important point of convergence for international business transactions. The dynamic commercial and financial activity of our community has built important channels of communication between the United States and many other countries and has created an attractive environment for international relations. We can assert that South Florida is the bridge through which most of the commercial exchange between the United States and Latin America is conducted.
The International Department of Ocean Bank counts upon the excellent professional performance of a highly experienced group of experts in international banking. They offer our customers a high level of assurance and reliability, prompt response to their needs and friendly personalized attention. Our customers have access to a variety of services, these include Letters of Credit, Acceptance Financing and Eximbank Credit Facilities.
INTERNATIONAL DEPARTMENT SERVICES AND PRODUCTS
- Correspondent Banking
Confirmation and Financing of Letters of Credit issued by Latin American Banks and Pre-export Financing
- Trade Financing
Issuance of Commercial Letters of Credit for the Corporate Sector in order to facilitate the financing of Accounts Receivables and Inventory
- Acceptance Financing
Financing Corporate Trade Cycles through the Issuance of Bankers Acceptances
- Commercial Letters of Credit
Allows for the financing of Inventory via the Promise of Payment through Ocean Bank
- Stand-By Letters of Credit
Guarantees Payment from our bank in the event payment or performance is not executed
- Foreign Exchange Services
Payments in foreign currencies and hedging services
- Cash Management Services
Maximizes return on idle funds within Corporate Checking Accounts - Documentary Collections
Allows for bank to bank processing of documentation when purchasing inventory
- Remote System for The Issuance of Letters of Credit
Allows customers to initiate Letters of Credit directly from their in-house computers to the Mainframe System at Ocean Bank
- Eximbank Credit Facilities
Credit facilities for international and domestic companies that require the financing of foreign receivables via guarantees from Eximbank
Email Addresses:
Pablo Oscar Fernández, Senior Vice President, Head of International Banking
ofernandez@oceanbank.com
Joe García, Vice President, Corporate Trade Finance Officer
jgarcia@oceanbank.com
