Trade Banking Services
Documentary trade has enjoyed a prominent position within ING ever since we laid the foundations of our extensive banking network around the globe.
Such experience has served to reinforce our belief in the necessity of qualified documentary trade experts, who can provide a consistent and trustworthy service while continuing to develop a range of high-quality products.
Our product range includes the handling of:
- Letters of Credit
- Confirmations
- Reimbursements
- Irrevocable Undertakings to Reimburse
- Transfers of Letters of Credit
- Financing under Letters of Credit
- Guarantees and Collections
We can also undertake the insourcing of your documentary trade transactions.
Professional and efficient staff is on hand at every stage of the way to offer advice and expertise that comes from years of operating in this field.
BOLERO E-commerce facility
ING is a member of the bolero.net Connected Community.
The Bolero System allows ING to achieve seamless straight-through-processing with all parties involved in cross-border trade (buyers, sellers, other banks, shipping companies).
Once a sale has taken place, the whole process of making sure the buyer gets the goods and the seller gets paid (including the exchange of contractual information), can take place online in a secure environment backed by a unique legal infrastructure.