Susquehanna is now a division of Branch Banking and Trust Company and currently has one of the most sophisticated International Services Divisions of
all banks in our region. We provide a broad range of foreign
exchange products, international letters of credit and frequent ongoing education
and support to our clients 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®, BB&T 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
Managing Foreign Exchange Transactions and Payments
International business transactions often require companies to make and receive
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
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 BB&T 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
Facilitating Global Trade
Trade globally with confidence using letters of credit facilitated by BB&T
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
- 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
Purchasing Foreign Currency for Your Travels
Taking a trip? Have your foreign currency on-hand before arrival and you’ll save
time and money. Pay for immediate expenses quickly and rest easy knowing you got
a competitive rate while avoiding potentially high fees you could encounter abroad.
Plus, we can often buy back your unused foreign currency banknotes (cash only, no
coins). Our branch personnel can assist you with your purchase of foreign paper
currency for a number of countries.