ING Wholesale Banking can help you with

Trade finance services

When your company is involved in the import or export trade, having a bank that facilitates your global business activities is of vital importance. By minimising the risk on transactions, ING’s custom-built professional trade finance products keep your company at the top of its game. Our trade finance products include letters of credit (lcs), documentary collections and bank guarantees.

With a letter of credit (lc, and also known as a documentary credit), the buyer’s bank guarantees payment to the seller if certain criteria are met. Documentary collections, just as lc's, reduce the payment risks on international trade transactions, and with a bank guarantee your obligations to third parties are ensured.

All these products offer security and protection against risks if an international trade transaction does not go as planned.

Importers and exporters can also use a letter of credit to obtain financing. An exporter, for instance, can obtain funding from his local bank to manufacture the goods as this bank is assured that payment will follow when the documents are presented under the credit.

Our trade finance experts acquire a fundamental understanding of the way you do business so we can offer advice tailored to your specific situation. Our products can be combined and shaped into a custom-built product that helps reduce your risks and will enable your business to flourish.

  • facilitating global business activities
  • minimising risk on transactions
  • product offer suited to your requirements
  • allowing your company to flourish


More information on ING InsideBusiness Trade can be found here.

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ING teams up with AI-powered trade platform Tradeteq

February, 2020

ING has teamed up with Tradeteq, an AI-driven platform that makes trade finance accessible for institutional investors, to start distributing our commodity trade finance exposures to non-bank institutional investors.

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ING named Best Trade Finance Provider in the Netherlands 2020 (Global Finance)

January, 2020

Global Finance magazine’s awards celebrate the best trade finance providers based on entries from banks and input from industry analysts, corporate executives and technology experts.

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ING participates in first trade finance API

September, 2019

ING is one of the first two banks to test an API (application programming interface) that allows clients to see the status of their bank guarantees in real time on their own banking platform.

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ING executes first commodity trade transaction on Komgo

August, 2019

ING has successfully executed its first commodity transaction on Komgo, the blockchain-based platform that transmits commodity transactions in a secure environment. The oil trade deal was executed by the Commodity Trade Finance branch in Geneva with a Letter of Credit issued on behalf of Mercuria Energy Trading S.A.

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ING named Best Trade Finance Provider in the Netherlands 2019 (Global Finance)

March, 2019

Global Finance has named the 19th annual World’s Best Trade Finance Providers in 95 countries and eight regions of the US in an exclusive survey. ING was awarded for Best Trade Finance Provider in the Netherlands.

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Blockchain to shake up mining and metals sector

January, 2019

ING teams up with IBM and MineHub on a new blockchain platform for mining and metals.

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ING on trade finance, DLT & blockchain

January, 2019

'Trade Finance Global' spoke to ING's DLT program director Mariana Gomez de la Villa on distributed ledger technologies (DLT) and trade finance, evaluating some of the real world applications of blockchain in trade finance.

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ING on VAKT, a new blockchain energy trading platform

January, 2019

On 10 January, Anthony van Vliet, global head of trade and commodity finance at ING, was interviewed by Bloomberg TV on VAKT, a new blockchain energy trading platform.

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ING and HSBC a step closer to paper-free trade finance

November, 2018

ING and HSBC have run their second blockchain pilot using the Voltron platform to make trade finance transactions digital and more efficient. The deal, for Tricon Energy, is the second blockchain pilot the two banks have run together using the Voltron platform to digitise trade finance documents.

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