Case study: Importing manufacturing machinery and equipment
Our manufacturing client had sourced machinery and equipment from overseas and required assistance to access finance, and make cross-border payments.
Challenges
- Our client required financing for heavy machinery and equipment
- The business wanted to mitigate the risk of currency volatility
Solutions
- Our team of advisors and account executives ensured that our client’s business needs were understood and matched with the right type of financing solution
- Additionally, a letter of credit was provided for the payment of the asset to the offshore company
- Forward Exchange Contracts were provided to mitigate any foreign exchange volatility and to enable the client to budget and cost accurately