As part of its new global trade finance services program, West Palm Beach, Fla.-based First Capital now offers a Pre-Delivery Guaranty to foreign exporters, effectively acting as an alternative source of funds to repay pre-export production loans in the event an importer declares bankruptcy. As part of the service, First Capital will offer a 50-percent guaranty of the foreign exporter’s sales price to the importer up to 60 days before delivery of goods or services. If the importer becomes insolvent during this period, First Capital will pay 50 percent of the purchase order value without requiring the exporter to first resell the goods.

“Our Pre-Delivery Guaranty offers foreign exporters the additional pre-shipment credit risk protection they (and their lenders) need while still allowing them to use open account credit terms to increase competitiveness,” said Anthony K. Brown, International Managing Director.

“We have had great success with our service offerings in the United States, and we are excited to enhance these offerings to help companies looking to build their cross-border businesses,” added Mark Sunshine, president and COO.

October 23, 2007