Susquehanna currently has one of the most sophisticated Capital Markets groups of all banks in our region. We provide a broad range of cash and derivative foreign exchange products, international letters of credit and frequent ongoing education and support to our FX clientele as part of our service. Our customers are companies with international operations, domestic businesses with suppliers and customers overseas and local subsidiaries of foreign multinational corporations.
As a member of SWIFT®, Susquehanna can access and communicate directly with a worldwide network of over 9,000 global financial institutions in order to facilitate international transactions and transfers for our customers.
Managing Foreign Exchange Transactions and Payments
International business transactions often require companies to make and receive payments in currency other than US dollars. Importers are frequently invoiced in foreign currency and therefore need the ability to pay foreign suppliers in their local currency.
Susquehanna provides the solution:
- Foreign wires, drafts, checks and collections
- Foreign currency accounts*
* Certain limitations apply
Our SWIFT* code is SQHBUS33.
Solutions for Mitigating Currency Risk
Identifying and managing market and currency risk is essential to doing business internationally. Count on Susquehanna to work with you to provide the tools and methods that can help your company against adverse fluctuations in currency rates.
Effectively manage foreign currency risk with:
- Currency Forwards
- Window Forwards
- Currency Options
- Cross-currency Swaps
Facilitating Global Trade
Trade globally with confidence using letters of credit facilitated by Susquehanna Global Trade Services. Structure your transaction to minimize exposure to the risks inherent in international commerce. Learn more about government-sponsored programs for exporters through the Small Business Administration and The Export-Import Bank of the United States.
Import Letters of Credit
If your company imports goods from foreign suppliers, you may be required to have a financial institution issue an Import Letter of Credit on your behalf. This enables you to:
- Shift the payment responsibility to the issuing bank
- Finance imports by opening letters of credit under which drafts can be drawn in US dollars or foreign currency
Export Letters of Credit
- Be assured that you will receive payment from your overseas customers in a timely manner if terms and conditions are met
International Standby Letters of Credit
- Use these letters of credit as a guarantee of payment and added assurance to your trading partners
Purchasing Foreign Currency for Your Travels
Why travel internationally without holding some local currency in your wallet? Be independent and purchase your foreign banknotes before boarding. Our branch personnel can assist you with your purchase of foreign paper currency for a number of countries. Call 800.311.3182 or visit your local branch for details.