IGUAKO Capital is a work of institutional fiction by the Iguako Institute for Applied Unreality. No financial services are offered, no accounts exist and nothing here is an offer, a contract or advice.About this work
George Town · 36 cities · English Domiciles Documents Iguako Network Site Index
Capital
Enquiries

Counterparty · Correspondent bank

Banco Cordillera Atlántica

Banco Cordillera Atlántica is the correspondent for the Panama City regional hub and the settlement bank for the Commercial Finance division's trade finance book in Latin America. IGUAKO opened accounts in 2022 when the hub was formed. The bank confirms letters of credit, discounts export receivables and holds collateral accounts for 14 trade facilities.

Type
Correspondent bank
City
Panama City
Region
Latin America
Relationship since
2022

The relationship

Trade finance for pharmaceutical ingredients and animal-health products moving between Brazil, Mexico and the Caribbean requires a bank that knows the ports and the paper. Cordillera Atlántica confirms documents within one business day and pays exporters in either US dollars or local currency. Clients get financed goods in transit without waiting on a distant confirming bank.

Services to IGUAKO and its clients

  • Letter of credit confirmation and document checking
  • Export receivables discounting in US dollars and local currency
  • Collateral and escrow accounts for trade facilities
  • Correspondent accounts for the Panama City hub

Also in the region

Latin America.