First Business

International Banking

Incoming & Outgoing Wire Transfers

• Originates in U.S. dollars or foreign currency
• Value dated for settlement in near future (typically next business day)
• Fund settlement is faster than sending a check
• Large wire transfers may receive preferred rates
• Funds received at beneficiary's bank are immediately available for withdrawal
• Client information (purchase orders or remittances) can be transmitted
• Ability to trace

Documentary Letters of Credit

• Promise to pay guaranteed by First Business Bank
• Satisfies requirement set by vendor or other interested party
• Creates credit availability to make payment
• Able to purchase goods and services otherwise paid for in advance
• Product must conform with rules and specifications for payment to be made
• Fee is less than the cost to borrow funds

Forward Contracts

• Wire of funds on a specified date at a contracted, pre-approved rate
• Client must have funds available when contract matures
• Rate is negotiated and guaranteed at the time of purchase
• Various options available
• Specified date can be at various future dates (for example: three, six, or twelve months)

Foreign Drafts

• Check drawn on foreign bank in foreign currency
• Smaller dollar denominations
• Avoids check(s) going for collection and delays in shipment
• Avoids fee applied to converting check drawn in U.S. dollars

Foreign Exchange Options

• Allows for purchase of foreign currency at a future date
• Call contract at any time before maturity
• Collateral is typically not needed in these transactions
• Option to set rate range based on risk tolerance

Sweep

Zero Balance Accounts

• Reduces fraud
• Automated — no need for manual intervention
• Increases earnings

Funds Management Sweep

• Maximize interest earning ability
• Reduce interest paid on loans
• Reduce service charge expense

Investment Management Sweep

• Leverage funds to earn more interest
• Automated — no need to monitor account balances
• Reduces service charges