Now can place as collateral to another bank and in another currency, your Certificates of Deposit, or those of your business at FACEBANK.
With this new instrument, your local bank may extend credit secured by the value of your placement in U.S. Dollars.
You can meet your funding requirements in another currency without converting your U.S. dollars to the local currency, thus eliminating the risk of foreign exchange fluctuations.
- Your funds placed as collateral continue to generate interest.
- The cost of issuing this instrument is, substantially less, than the cost of a Letter of Credit "Stand By".
- We can divide the guarantee conditions in the way you choose.
- Consult your Business Developer Facilitator (BDF) or press "Atención Inmediata" from your on-line banking for more information.
Consult with your Business Development Facilitator (BDF) for more information or press the link "Atención Inmediata" from your on-line banking.