Solutions for European Exporters:

Scenario 1:

Q: An Spanish company which exports to the United States, invoices and gets paid regularly in US dollars checks, is frequently displeased with:

• The amount of time it takes for a check to clear for good funds
• Or be rejected for nonpayment

A: InterCredit, Inc., collection services offers this Spanish company a quick and efficient way to have access to these funds. With the company’s authorization, InterCredit, Inc., will collect the payment in US dollars from the client and within 24 hours will:

• Confirm good funds on the check
• Immediately forward the counter value in Spanish Pesetas to the company, by DHL overnight

With InterCredit, Inc., you have control over the rate of exchange at time of final payment:

• Depending on your company’s instructions, you decide whether you lock the current exchange rate, or
• Keep the rate locked for you at time of invoice; whichever is more favorable to you.

Your company will save time and money, by not incurring in time consuming, long distance phone calls to collect payment.

InterCredit, Inc., can pick up your payments by phone using “ACH” (Automatic Clearing House), a Federal Service of the U.S. By using this service, InterCredit, Inc., verifies and deposits long distance checks with either, the account number, number of check, or by fax.

The condition that will allow InterCredit, Inc., to pay you immediately is pesetas is:

• Your clients must be notified to make the payments to InterCredit, Inc., in that way, we endorse those payments to your company, and deduct $10.00