Foreign

FOREIGN EXCHANGE SERVICES

Community banks often find it difficult to provide international payment services. Yet, the demand for international drafts, wires, foreign currency forwards, encashment of foreign receipts and even foreign exchange grows daily as global trade becomes an increasingly important part of the business of companies both large and small.

The reason so few community banks offer these services is simple: the cost of establishing proprietary programs is prohibitive unless very large volumes are transferred. Further, expertise is essential to succeed in the ever-changing world of currency markets. Providing such services falls outside the core competencies of most community banks.

Nevertheless, as a company's need for these services grows, so does the likelihood that they will go elsewhere to get them - and that is how you start to lose a customer! A competing, usually larger, bank that starts out by providing international payment services may soon see if there are other services they can offer your once loyal customer.

There is, however, a way for you to provide these services without investing in costly infrastructure, without exposing your bank to currency market fluctuations, and without putting customer relationships on the line: Great Lakes Bankers Bank.

International Drafts & Wires		Open & Closed Foreign Currency Forwards
Allows customers to hold onto funds longer with assured rapid access for beneficiaries. Delays are minimized as drafts are written on accounts in beneficiary's country. Assurance of timely payment in domestic currency strengthens your customers negotiating position. SWIFT* ensures rapid wire transfers and full trace ability. Services available in more than 70 currencies.	...	Help customers manage foreign currency exposures. Lock-in exchange rates for up to one year. Protects revenue from currency fluctuations. Allows customers to optimize payment terms. Improves overall competitive position as costs are known in advance.

Collection of Foreign Payments		Foreign Currencies
Simplifies collection of foreign receivables. Accelerates access to domestic funds. Reduces costs by minimizing delays.		Provide local cash for travelling customers. Banknotes from more than 100 countries. Overnight delivery available.

All this with just one phone call to Great Lakes Bankers Bank! Find out more about providing international payment services that more and more of your customers need - without risking those valuable relationships: CALL 1-800-227-9593.