Letters of Credit and import financing have always been a major part of IDB Bank's business. Today, in fact, we rank among the top ten percent of U.S. commercial banks based in the United States in terms of total dollar value of outstanding Letters of Credit.
Our Trade and Finance Department is unmatched in terms of efficiency, speed and personal service. We assure prompt issuance of your credits, whether you use our Automated Letter of Credit Customer Initiation System or the traditional paper method of providing instructions.
IDB Bank's Automated Letter of Credit Customer Initiation System is a proven, state-of-the-art, personalized Internet-based Letter of Credit system that connects your company's personal computer directly with our Bank's Letter of Credit Department. IDB Bank's software makes issuing and amending your Letters of Credit faster, easier and more accurate than ever before. Our System is for those people with little or no computer experience at all. It is designed with you and your staff in mind. From start to finish, it actually guides the user through the completion of each Letter of Credit Application or Amendment.
In late April 2006, we launched the latest upgrade to our Automated Letter of Credit Customer Initiation System, providing easier navigation, enhanced model update functionality, batch print and release capability, to name a few enhancements. We trained customers in the use of this upgrade, which has been very well received.
As always, your transactions will receive our prompt attention and personalized service, which is second to none. You can be assured that your Letters of Credit and Amendments will be on their way in one business day or less. Your shipping documents will also receive the most expeditious and highest quality service possible.
With the Bank's extensive network of correspondents worldwide, we can handle all your international transactions whether in the Far East, Europe, Latin America or around the globe, utilizing the fastest methods of transmission available.
In conclusion, we have the resources, the experience and the commitment to serve you.
Vincent A. Forzano, VP
350 Fifth Avenue
New York, NY 10118-2091
20th Floor, Suite 2001