International product selector

Some of the products and services featured on this page are provided by Lloyds Bank plc as agent for Bank of Scotland plc.

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Your Results

Because you told us "##TypeQ1##" and you intend to use "##TypeQ2##" as a guide you may want to consider the following products and services:

  • International Payments

International Payments allow you to move money across borders. They can be made in sterling or other currencies, and can be requested by any client who needs to make an overseas payment electronically. You can make international payments online to almost any country if you are registered for Business Internet Banking.

  • Business Current Accounts

You can make Sterling payments from, and receive international payments to your [Lloyds/Bank of Scotland] business current account. 

If you are not an existing customer, Find out more about our Business Current Account. 

  • Foreign Exchange Risk Management

When conducting business internationally you may become exposed to exchange rate movements for foreign currencies and the risks associated with this. Identifying and appropriately managing your foreign currency exposures is crucial for making sure you get the most out of your international agreements.We have a wide range of foreign exchange solutions to suit your specific currency needs and business objectives, varying from online self-service through to a one-to-one relationship with a FX specialist for hedging requirements.

  • Foreign Currency Accounts

Open an account in a currency of your choice; enabling you to hold funds, make and receive international payments to meet your businesses international trading requirements.

  • SEPA Direct Debit

SEPA Direct Debits are a quick and cost effective way of collecting invoices in Euros from known counterparties. The service can simplify how your business manages payments to a single method, in oftern a quicker, cheaper and simpler method compared to regular international payments. 

  • SEPA Credit Transfer

SEPA Credit Transfer is a convenient and efficient way to make planned non-urgent Euro payments throughout the Single Euro Payment Area (SEPA). It is suitable for businesses that regularly make non-urgent Euro payments, and it can reduce transaction costs and remove the need for overseas Euro accounts.

Your selected key priorities:

  • Goods/services that I purchase will be as agreed

Because you have selected this priority, as a guide you may want to discuss the following with us:

Import Letters of credit

A Letter of Credit (L/C) is issued by the buyer’s/importer’s bank and sets a range of terms and conditions, which can be evidenced by documents presented by the seller/exporter. The L/C is then forwarded to the seller’s/exporter’s bank who ‘advise’ it to the seller/exporter. Documents presented by the seller/exporter are then checked by both banks and the buyer’s/importer’s bank is committed to pay, or accept to pay at a future date, on behalf of their client, if the documents are compliant.

  • Paying in advance for the goods/services

Because you have selected this priority,  as a guide you may want to discuss the following with us:

Import Documentary Collections

Documentary Collections provide protection and a level of security for both the seller/exporter and the buyer/importer, reducing risk for all. A documentary collection is when a bank handles documents relating to the supply of goods by an seller/exporter, for the purpose of obtaining payment, or the acceptance of a guaranteed future payment, from a buyer/importer.

Because you have selected this priority as a guide you may want to discuss the following with us:

  • Renegotiating payment terms with a supplier

Because you have selected this priority,  as a guide you may want to discuss the following with us:

Export Documentary Collections

Documentary Collections provide a level of security for both Seller/Exporter and Buyer/Importer. Through the Collection process, the seller’s/exporter’s documents are forwarded by their bank to a bank acting on behalf of the buyer/importer. The buyer’s/importer's bank will then release the documents only upon payment, or a guarantee of future payment, from the importer.

 

  •  Being in charge of my goods, until payment is received

    • Because you have selected this priority,  as a guide you may want to discuss the following with us:

    Export Documentary Collections

    Documentary Collections provide a level of security for both Seller/Exporter and Buyer/Importer. Through the Collection process, the seller’s/exporter’s documents are forwarded by their bank to a bank acting on behalf of the buyer/importer. The buyer’s/importer's bank will then release the documents only upon payment, or a guarantee of future payment, from the importer. importer.

 

  • Being guaranteed that payment will be received

Because you have selected this priority,  as a guide you may want to discuss the following with us:

Export Letters of Credit

A Letter of Credit (L/C) is issued by the buyer’s/importer’s bank and sets a range of terms and conditions, which can be evidenced by documents presented by the exporter. The L/C is then forwarded to the seller’s/exporter’s bank who ‘advise’ it to the seller/exporter. Documents presented by the seller/exporter are then checked by both banks and the buyer’s/importer’s bank is committed to pay, or accept to pay at a future date, on behalf of their client, if the documents are compliant (correct).

  • Reassuring the buyer that the goods/services will be as agreed

Because you have selected this priority,  as a guide you may want to discuss the following with us:

Foreign Guarantee

A Guarantee (which can also be called a bond) is issued by a bank on behalf of their clients to support their contractual obligations, either performance or financial, to the buyer/importer. The bank commits to pay upon a claim received from the buyer/importer, under the terms of the guarantee, indicating a default under the contract. It is one of the most widely used instruments and extremely versatile.

Standby Letter of Credit

Similar characteristics to a guarantee commonly used in the UK to support payment obligations under a shipment of goods. Also used in lieu of a Guarantee in the US market.

  • Managing my Foreign Exchange Risk throughout the sale & purchase

Because you have selected this priority,  as a guide you may want to discuss the following with us:

Foreign Exchange Risk Management

When conducting business internationally you may become exposed to exchange rate movements for foreign currencies and the risks associated with this. Identifying and appropriately managing your foreign currency exposures is crucial for making sure you get the most out of your international agreements. We have a wide range of foreign exchange solutions to suit your specific currency needs and business objectives, varying from online self-service through to a one-to-one relationship with a FX specialist for hedging requirements.

  • Managing my Foreign Exchange Risk throughout the purchase

Because you have selected this priority,  as a guide you may want to discuss the following with us:

Foreign Exchange Risk Management

When conducting business internationally you may become exposed to exchange rate movements for foreign currencies and the risks associated with this. Identifying and appropriately managing your foreign currency exposures is crucial for making sure you get the most out of your international agreements. We have a wide range of foreign exchange solutions to suit your specific currency needs and business objectives, varying from online self-service through to a one-to-one relationship with a FX specialist for hedging requirements.

  • Managing my Foreign Exchange Risk throughout the sale

Because you have selected this priority,  as a guide you may want to discuss the following with us:

Foreign Exchange Risk Management

When conducting business internationally you may become exposed to exchange rate movements for foreign currencies and the risks associated with this. Identifying and appropriately managing your foreign currency exposures is crucial for making sure you get the most out of your international agreements. We have a wide range of foreign exchange solutions to suit your specific currency needs and business objectives, varying from online self-service through to a one-to-one relationship with a FX specialist for hedging requirements.

You did not select any of the listed key priorities, if you have any other priorities or concerns please discuss these with us.

Next Steps

Businesses with a Relationship Manager

If you would like to discuss your results with us, please contact your Relationship Manager.

Businesses without a Relationship Manager

If you would like to discuss your results with a Trade Specialist, please call Lloyds Bank on 0345 835 5722.

8.30am to 5.30pm, Monday to Friday, except public holidays.

The outcome of  the international Product Selector is not an exhaustive list and additional products may be available to suit your business needs. Find out more about international products and services.

Important legal information

Documentary Letters of Credit are subject to internationally agreed banking rules
(ICC Uniform Customs and Practice for Documentary Credits)

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service

Bank of Scotland plc registered office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000.

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 119278.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.