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We'll finance international trade (exports and imports), business combinations (joint ventures, acquisitions, mergers, property purchases) and the undertaking of longer-term projects (such as constructing facilities and infrastructure. In fact, we'll assist you in expanding your empire to global proportions, even if you're brand new to worldwide business at present.

Thursday, October 09, 2014

International Business And Bank Money Transfers - Douglas E. Castle

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International Business Update: Wiring Funds And Banking

If you are either conducting business internationally or are contemplating conducting any type of business which may require international electronic or SWIFT transfers of funds (i.e., funds transfers inbound or outbound via wire) the current terrorist threat levels are already creating additional diligence and reporting on the part of depositary institutions, as certainly as it will now take you longer to go through airport security clearance protocol on any international flight due to the prevalance of consciousness relating to possible terrorist or Ebola virus-related problems throughout the world.

Following are several suggestions to provide your banker, or your recipient's banker – as well as the host of regulators to which they now answerable – with additional comfort regarding the nature of your transactions, business and funds. 

While you may see these steps as “overkill,” rest assured that they are not, and that they will reduce the likelihood of any holds or restrictions on your funds. Again, these are not legally mandated, but are just an extra step of precaution:
  1. Do not, under any circumstances, accept any inbound transfers, or make any outbound transfers by wire (or by check, for that matter) to businesses or other organizations located in any of the prohibited jurisdictions on US Ex-Im Bank's most recent publication of the Country Limitation Schedule (a link to which which follows for the purposes of example) or which happens to be on the Department Of The Secretary Of State's “Watchlist” (a link to which follows for the purposes of example) ;
  2. Pre-advise your bank, via email to your account officer or manager, if you are anticipating any transfer into or out of your account in any amount in excess of $1.0 million US;
  3. Have any transferor execute the following undertaking [or one in a format suggested by your legal counsel] in a signed writing and either fax or email the same to your banker (in the form of a PDF attachment) with your own covering letter to accompany it: “ _________________ is transferring funds in the amount of _____________________ to ________________ [recipient name] via SWIFT [or even via check, if you'd like to take that extra precaution when you are accepting a check drawn on a foreign bank in payment for goods or services]. This transaction is made using clean, cleared funds of non-criminal origin, and is being transferred in compliance with applicable laws; further, these funds are free of all liens, taxes, encumbrances and other claims of any sort, and are being conveyed to be utilized for legal purposes.”
The above steps will help to keep both you and your bankers in the best possible standing. Should you wish to view Ex-Im Bank's latest updated Country Limitation Schedule (CLS), go to http://www.exim.gov/tools/countrylimitationschedule/index.cfm.

Should you wish to find out if the country with which you are considering doing business is “watchlisted” by either the Department Of State or the Department Of Homeland Security, go to either http://www.state.gov/ or http://www.dhs.gov/ respectively. Both websites offer you telephone numbers to contact helpful civil servants to answer any of your questions.

Douglas E. Castle

NOTE: THE INFORMATION CONTAINED IN THIS ARTICLE SHOULD NOT BE CONSTRUED BY THE READER AS BEING LEGAL, FINANCIAL, TAX, ACCOUNTING, ECONOMIC OR INVESTMENT ADVICE. NO OFFERING OF SECURITIES OR OTHER INVESTMENT INTERESTS OF ANY TYPE IN ANY ENTITY IS MADE HEREBY, NOR IS A SOLICITATION FOR THE PURCHASE OF SECURITIES OR OTHER INVESTMENT INTERESTS OF ANY TYPE IN ANY ENTITY MADE HEREBY. THIS ARTICLE IS INTENDED FOR GENERAL INFORMATIONAL PURPOSES ONLY AND REPRESENTS THE VIEW OF THE AUTHOR ONLY.

THIS ARTICLE IS COPYRIGHT 2014 BY DOUGLAS E. CASTLE, WITH ALL RIGHTS RESERVED. ANY REPRODUCTION, TRANSMITTAL OR DISTRIBUTION OF THIS ARTICLE, EITHER IN WHOLE OR PART, IS UNAUTHORIZED AND MAY BE UNLAWFUL, UNLESS FULL ATTRIBUTION IS GIVEN TO THE AUTHOR AND ALL LINKS IN THE ARTICLE REMAIN INCLUDED AND “LIVE.”

TAGS, LABELS, SEARCH TERMS, CATEGORIES AND KEY WORDS FOR THIS ARTICLE: Douglas E. Castle, International Ventures, Banking, Wire Transfers, EX-IM Bank, Department Of State, Department Of Homeland Security, Representations, Anti-Money Laundering, Terrorism, Ebola.

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Monday, April 28, 2014

US-EXIM BANK: PARTNERED WITH FCIB - THE INTERNATIONALIST PAGE BLOG

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WASHINGTON, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) today announced its cross-marketing partnership with thousands of credit and finance professionals who are represented by the Finance, Credit and International Business Association (FCIB), a division of the National Association of Credit Management. The Bank and FCIB signed a memorandum of understanding that expresses their mutual interest in providing information to business owners about how they may finance and expand export sales while sustaining U.S. jobs.

“At the Ex-Im Bank, our singular focus is equipping U.S. exporters with the tools they need to reach customers around the world and create jobs here at home,” remarked Ex-Im Bank Chairman and President Fred Hochberg. “And we depend upon export finance and business credit professionals across America to connect us with entrepreneurs – particularly those from the small business community - who can benefit from the services we provide. FCIB is the primary network for those credit professionals, so naturally we’re excited about the opportunities that this working relationship will provide.”

As part of the agreement, FCIB will leverage its membership network to distribute information about Ex-Im’s risk-mitigating export credit insurance, loan guarantees, and working capital programs. The FCIB Association contributes to the Trade Finance Guide published by U.S. Department of Commerce, and previously partnered with the International Trade Administration and U.S. Commercial Service.

“FCIB and the Export-Import Bank essentially share the same mission: to help companies turn export opportunities into real sales that maintain and create U.S. jobs and contribute to a stronger national economy,” said Marta Chacon, director for the Americas at FCIB, and a Certified International Credit Professional. “While FCIB does this through education, networking, certification and credit reporting, Ex-Im does it through its unique export financing products that fill gaps between what the private sector can provide, and what security an exporter needs to complete a sale. By working together, we can empower even more companies to access overseas markets, growing businesses and creating jobs.”

ABOUT EX-IM BANK:
Ex-Im Bank is an independent federal agency that creates and maintains U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance, and financing to help foreign buyers purchase U.S. goods and services. In the past fiscal year alone, Ex-Im Bank earned for U.S. taxpayers more than $1 billion above the cost of its operations.

In FY 2013, Ex-Im Bank approved more than $27 billion in total authorizations to support an estimated $37.4 billion in U.S. export sales and approximately 205,000 U.S. jobs in communities across the country. For the year, the Bank approved a record 3,413 transactions, 89 percent of them for small businesses. Small-business exporters can learn
about how Ex-Im Bank products can help them increase foreign sales at http://go.usa.gov/ZVTd. For other information about Ex-Im, visit www.exim.gov.

 
If you would like additional information on The Finance, Credit And International Business Association (the FCIB), here's a very brief summary of who they are and what they do:

Specialties

International Credit Reports, Country Reports, Instant Credit Reports, International Credit & Risk Management, Certified International Credit Professional, Foreign Exchange, Export Regulations, Online Courses, Sponsorship, Teleconferences, Webinars, Conferences
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Douglas E. Castle
 
 
 
 
 
 
 
 
 
 
 
 
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Wednesday, April 23, 2014

EXIM Bank: "Let's Increase Exports" - Discussion Of Export Iniatives For US-Based Businesses

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**MEDIA ADVISORY** 
April 24-25: Export-Import Bank to Host Annual Conference 
Leaders from the private and public sectors will discuss ways to boost U.S. exports and create American jobs

Washington, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) will host its Annual Conference April 24-25, 2014. The conference will focus on the global business environment and prospects for growth. Business and government leaders will address export opportunities and challenges for American companies, the role of emerging markets, and the U.S. Trade Agenda.  The Bank will also celebrate 80 years of promoting American jobs and exports. 
Ex-Im Bank Chairman and President Fred Hochberg will kick off the conference with remarks Thursday morning at 9:00am EDT.

In addition, the two-day event will feature remarks, discussions, and panels with some of the world’s leading economic voices, including Wells Fargo Chairman and CEO John Stumpf; SpaceX CEO and Chief Designer Elon Musk; Secretary of Commerce Penny Pritzker; Secretary of Energy Ernest Moniz; Secretary of Agriculture Tom Vilsack; Pemex CEO Emilio Lozoya Austin; Former Treasury Secretary and President Emeritus of Harvard University Lawrence Summers; television host and bestselling author Fareed Zakaria; Virginia Governor Terry McAuliffe; former U.S. Ambassador to China Jon Huntsman; and others.

More than 1,000 lenders, insurance brokers, U.S. exporters, international buyers, and government experts will also be in attendance. A more detailed agenda is available at http://go.usa.gov/kXSF.
To RSVP for Ex-Im Bank’s Annual Conference, please email your name and media organization to meetings@cmpinc.net. On-site registration may be limited.

For coverage of morning sessions, we politely ask that all cameras arrive by 8:00am EDT. 

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Tags, Labels, Key Words, Categories And Search Terms For This Article: Export-Import Bank of the United States, Fred Hochberg, United States, Emilio Lozoya Austin, Terry McAuliffe, John Stumpf, Elon Musk, China, Douglas E. Castle, The Internationalist Page Blog, 

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Friday, August 30, 2013

Purge, Consolidate And Renew Your Focus

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IMPORTANT NOTICE TO MY READERS

If you would like to continue reading articles written by Douglas E. Castle, you have two new choices:

1) Visit his new professional website and business blog at http://DouglasECastleBlog.com, where he discusses fixing broken businesses and fueling and accelerating the growth curve of successful or potentially successful companies or organizations, or you may:

2) Visit his multi-subject personal blog at http://DouglasECastle.com which will now be the ultimate, centralized consolidation of the large list of blogs which follow. While I might continue to post to these blogs directly, I will be doing so only sporatically. Thank you, as always, for following me and for sharing my articles with your colleagues across your many social media networks using an ever-increasing variety of sharing tools,. The selected blog list follows for your reference:

SELECTED LINKS TO BLOGS BY DOUGLAS E. CASTLE:
TAKING COMMAND! ACHIEVING YOUR OBJECTIVES. SENDING SIGNALS! - Communicate With Precision And Power. QUORA DISCUSSION FORUM DOUGLAS E. CASTLE: Observations, Thoughts And Commentary. Disruption Theory And Disruptive Innovation InfoSphere™ Business Alerts And Intelligence THE GLOBAL FUTURIST - Douglas E Castle
LINKS 4 LIFE ALERTS! Building And Managing Customer Relationships - CEM Instant Biz 101 Radio DAZZ - Music Breaks To Make Your Day! THE INTERNATIONALIST PAGE - Douglas E Castle GLOBAL EDGE NEWS AND ARTICLE FEED BRAINTENANCE: Train, Strain And Improve Your Brain. Expand Your Mind. Blogging Tips, Tricks And Tools MAD MARKETING TACTICS™ ! Business And Project Planning And Management

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