FirstMerit Treasury Management

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FirstMerit International Banking

Meeting the international needs of your organization requires high quality, competitive and personalized international banking services. FirstMerit's wide range of international services includes commercial and standby letters of credit, international funds transfers, foreign currency services and international collections. Our global network of correspondent banks allows us to assist you in your international business, and our knowledgeable staff can react to your needs quickly and effectively.

FirstMerit E-Global Trade Commercial Letters of Credit Standby Letters of Credit Export Letters of Credit Documentary and Foreign Collections Foreign Exchange Service Customer Service		Standby Letters of Credit A standby letter of credit is similar to a commercial letter of credit - the bank commits to making the payment upon presentation of documents. A standby usually does not involve direct purchases or the sale of goods. Standbys most often provide payment against non-performance. Features Bank substitutes its credit worthiness for that of the applicant Standby letters of credit are issued Benefits Letter of credit is readily accepted by the Beneficiary Substantial cost savings to the customer