Banque internationale de commerce - BRED products, services and reviews

About Banque internationale de commerce - BRED

Banque internationale de commerce - BRED refers to the group’s historical trade-finance arm that operates today under BRED (Suisse) SA, a Swiss subsidiary of BRED Banque Populaire, itself part of Groupe BPCE in France. The Swiss entity focuses on commodity trade finance, corporate banking, and wealth management, serving trading companies (energy, metals, soft commodities), SMEs engaged in cross-border commerce, and select private clients. It is supervised by FINMA and applies Swiss banking and AML regulations; deposits are covered by Switzerland’s depositor protection scheme (esisuisse) up to the statutory limit per client and per bank, subject to eligibility and exclusions. The product set typically includes multi-currency current and term accounts, letters of credit (issuance, confirmation, and negotiation), standby LCs, bank guarantees, documentary collections, structured pre-export and borrowing-base facilities, bilateral and revolving credit lines, treasury services (FX spot, forwards, swaps), cash management, and, for private clients, discretionary or advisory portfolio management, custody, and Lombard lending. Delivery is relationship-led with a small physical footprint (not a mass retail network), complemented by e-banking for account viewing, secure messaging, and payment initiation with strong two-factor authentication; cross-border payments are processed via correspondent banking on SWIFT, and SEPA access for euro transfers generally depends on currency, account setup, and correspondent arrangements. Pricing is negotiated case by case: account maintenance and custody fees may apply; payment and trade instrument handling fees are charged per transaction; FX margins vary by currency pair and volume; and trade finance commissions often combine percentage-based charges with minimum flat fees (exact tariffs are provided on request). Onboarding involves detailed KYC/UBO disclosure, corporate documents, financial statements, evidence of trade flows and counterparties for corporates, and tax compliance documentation for private clients; processing times vary, commonly ranging from several days to multiple weeks depending on complexity and jurisdictional constraints, with restrictions tied to sanctions, PEP exposure, and risk appetite. Key constraints include a limited branch presence, a focus on professional clients rather than everyday retail services, and risk limits in commodity sectors that can tighten through the cycle; risk mitigation typically relies on self-liquidating structures, collateral, and counterparty controls. Customer support is provided through dedicated relationship managers, phone, and email, with service generally available in French and English. No explicit guarantee from the parent should be assumed; the Swiss entity reports under local regulatory requirements, and terms, availability, rates, and fees are subject to change and client eligibility.