Banker's Acceptances
Bank of Oklahoma handles this type of negotiable time draft drawn on and accepted by Bank
of Oklahoma to finance the shipment or storage of goods. Banker's Acceptances finance both
exports and imports for a future maturity date. Time drafts can be discounted and paid to
the beneficiary on an "at sight" basis.
Working Capital Programs
Pre-shipment Working Capital
Labor, materials, services and allocated factory overhead for exports is available through
Bank of Oklahoma. Work-in process inventory, engineering costs, and purchase orders
for the acquisition of inventory may be included as collateral for borrowing. BOk
offers export trade financing through the support of programs with the U.S. Small Business
Administration, and the Export-Import Bank of the U. S. (Ex-Im Bank).
Post-shipment
Offering terms to a foreign buyer often provides the competitive edge for exporting
companies. Bank of Oklahoma offers account receivable financing for foreign accounts
secured through export credit insurance of the Export Import Bank of the United States.
Short term financing is available for consumable products and capital goods for terms up
to a year. Bank of Oklahoma provides attractive advance rates up to 95% of the receivable.
Competitive rates and terms are available.