We support our customers in starting and expanding operations abroad, including opening a bank account in any of the 14 markets where Santander Group operates, looking for business partners and legal or office assistance with our Santander Trade Network service.
The Corporate Customer Service Team of Santander Bank Polska consists of trade finance specialists based in the bank's headquarters in Warsaw. Thanks to this we offer global solutions tailor made to local needs.
Wide range of solutions
We make available a wide range of solutions to customers. We are at your service to assist you with any issues related to business service for companies in Poland and abroad and to provide dedicate solutions adjusted to specific business needs.
We deliver to the customer solutions allowing for and facilitating growth and increase in sales abroad. They include:
- Export Letter of Credit
Document transaction. Conditional and irrevocable payment, securing interests of both parties of the transaction. Irrevocable commitment of the importer’s bank. Santander Bank Polska provides full Export L/C handling. This includes letter of credit advising, verification of documents and adding the confirmation (taking over the risk of the opening bank ).
- Discounting letters of credit with deferred payment
Type of financing subject to individual negotiations and not requiring additional security or an increase in customer’s exposure. Santander Bank Polska purchases receivables under letters of credit with deferred payment upon completion of terms and conditions for payment under the L/C and approval of the country or the bank risk.
- Documentary and financial collection
A type of payment which is safer than an advance payment. It is initiated by the exporter and does not require funds from the importer before the payment date.
- International factoring
Financing the risk of insolvency of the foreign counterparty in the international relationship. The service pertains to discounting invoices paid by the foreign counterparty.
Discounting of export without-recourse receivables with deferred payment term and covered with security acceptable to the Bank.
Support in search for trade partners
We assist our customers in the search for trade partners in the foreign markets. We organise trade missions also as part of the Export Development Programme. We make available to our customers the International Desk and
the Santander Trade Portal.
We offer advice on the best types of payment methods for the markets where our customers want to operate via the assistance of a team of local specialists and the Trade Finance and Credit Service Centre team benefiting from global coverage of Santander Group.
Our product offering includes solutions such as:
- Import Letter of Credit
Document transaction. Conditional and irrevocable type of payment, securing interests of both parties of the transaction. Commitment of the importer’s bank. It may include an advance payment clause which allows beneficiary to discount the L/C with a deferred payment.
- Leasing with a Letter of Credit
A type of payment used mainly in fixed assets import. It allows for the deferment of payment for the maximum period of time while simultaneously making it possible for the manufacturer (beneficiary) to impose conditions for payment as well as making the payment conditional.
- Documentary and financial collection
A type of payment which is safer than a payment initiated by the exporter. It does not require funds from the importer before the payment date.
A type of financing available in international relationships making it possible for our Customer’s supplier to discount payments approved by the importer. It is possible to use instruments other than invoices (shipping documents, bill of lading, etc.)
Domestic and international guarantees
Bank guarantees increase credibility and improve standing of the importer, as well as importers’ security in the international trade. They secure payments of obligations without requiring the buyer’s funds.
Bank guarantees increase credibility and improve standing of the importer, as well as importers’ security in the international trade. They secure payments of obligations without requiring the buyer’s funds. We handle domestic and international guarantees based on both Polish and international law or URDG (Uniform Rules For Demand Guarantees). We adjust the product to individual needs and environment of our customer also in respect of guarantees issued for indefinite period of time.
We handle guarantees in PLN and foreign currencies (EUR, USD, CHF and GBP) depending on the currency in which the secured transaction is concluded.
e-Guarantee is a type of bank guarantee. It is issued in electronic form using a qualified electronic signature. It is displayed in iBiznes24 electronic banking or emailed to the address provided.
Santander Bank Polska employees authorised
to sign e-Guarantees:
Financing with support from export agencies
We support our customers in obtaining financing from export agencies (Export Credit Agencies - ECA). We offer financing in the form of buyer credit or the purchase of receivables resulting from supplier credit.
We co-operate with KUKE S.A. when supporting Polish exporters in the sales of their goods or investment services (such as machines, technological lines, means of transport, construction services etc.). Santander Bank Polska establishes relationship with international export agencies when the financing is to support imports of goods.
Thanks to cooperation with ECA we are in many cases able to offer more favourable terms and conditions, e.g.
a longer repayment or support export activity of our customers operating on the higher risk markets.
Working capital financing
We support our customers in optimising working capital through a wide range of products helpful in both accounts receivables and liabilities as well as stock financing.
Santander Bank Polska through its flexible approach allows for the financing of various receivables depending on the customer's preferences, including recourse, non-recourse, based on off-taker risk or insured. The Global Receivables Purchase Program (GRPP) makes us stand out in the market andallows for an effective approval of domestic and international off-takers.
As a leader on liability financing, we offer tailor-made supplier financing programmes (Confirming) based on the many years of experience of the Santander Group. We provide financing to both domestic and international suppliers of our customers while strengthening relationships between business partners. What makes us stand out is our fully electronic handling of supplier financing programs based on modern web-based platforms.