ONE LARGE HURDLE MOST BUYERS ARE NOT AWARE OF!
- Jamie Sharpe
- Dec 22, 2020
- 1 min read
It stands to reason that most Individuals involved within the world of PPE Procurement are well versed and have a good understanding of International Trade.
Here at PPE MADE, we are involved with many large International Transactions between large corporations. There is however one piece of the proverbial puzzle that many buyers are not aware of.
Most Large Transactions Fail Due To This One Reason
Yes there are many reasons why a transaction may fail or unravel, yet this reason is unknown to many buyers.
The Bank Holding the Source Funds
Most Sellers will only complete a transaction when Monies are being transferred from a Large Reputable Bank.
The Most Trusted Banks are listed below:
1) HSBC
2) JPMorgan Chase
3) Bank of America
4) BNP Paribas
5) Citigroup Inc
6) Wells Fargo
7) Santander
8) Barclasys
9) Deutsche Bank
10) Royal Bank of Canada
11) Royal Bank of Scotland
12) Lloyds Banking Group
13) Toronto-Dominion Bank
14) ING Group
15) Goldman Sachs
16) UBS
17) NatWest Group
18) Morgan Stanley
19) Standard Chartered
What can Buyers do?
Make sure that Funds are held by a Reputable Bank such as those listed above before moving forwards with any Transaction to avoid timely delays and potential failures.
Comments