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Country Commercial Guides
FY 2000: United Kingdom

Report prepared by U.S. Embassy London,
Released July 1999
Note*

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VIII. TRADE AND PROJECT FINANCING

There are many British and foreign-owned banks and financial institutions offering competitive trade and project financing, and capital equipment lease finance. Most U.S. banks have correspondent relationships with one or more of the major British banks, and those U.K. correspondents will be able to provide a wide variety of financial services for exporters and investors. Additional sources of information are the more than 37 U.S. banks which have branches in London.

Since there are no exchange controls restricting the transfer of funds into or out of the United Kingdom, payment for exports to the U.K. can be on open account, payment in advance, letter of credit, documentary drafts, or consignment sale.

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Note* International Copyright, United States Government, 1998 (or other year of first publication). All rights under foreign copyright laws are reserved. All portions of this publication are protected against any type or form of reproduction, communications to the public and the preparation of adaptations, arrangement and alterations outside the United States. U. S. copyright is not asserted under the U.S. Copyright Law, Title17, United States Code.

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