How can export transactions be optimized quickly and securely at a reasonable price while maintaining quality?  

Export companies receive a wide range of documentary letters of credit, particularly from the emerging markets. These must be serviced by the advising bank to ensure that the export revenue is received and can be booked.  

Companies and banks therefore employ good quality clerks - clerks who are highly paid. The cost of producing and handling the export documentation is paid twice over.  

Landesbank Baden-Württemberg has therefore developed a service which perceptibly reduces the administration required in the company. Part of the export process is outsourced and the costs are reduced significantly.  

Instead of high fixed costs, the prices incurred can be calculated exactly and only apply when an export transaction actually takes place.

The advantages

• Payment security
  - Improved quality of letter of credit documentation 
  - Fewer conditional payments
  - Reduction in the risk of delays and defaults on payment
  - Exploitation of the expertise of bank specialists  
• Reduction in expenses
  - Fewer qualified staff
  - Lower administration costs
  - Greater ease of planning where incoming payments are 
    concerned