Bank Affiliate Export Trading Company(redirected from Bank Affiliate ETCs)
Bank Affiliate Export Trading Company
A company, owned by a bank, that supervises the exportation process for clients. Often, there are legal requirements that must be fulfilled before a country allows its goods to be exported; export trading companies navigate these requirements and regulations. Because they are owned by banks, they may be able to assist with financing more easily than other companies. As with other export trading companies, they charge fees or commissions for their services.