VIII. Trade and Project Financing Barbadian, Canadian-parent, and United Kingdom-parent banks operate on equal terms in Barbados. Although U.S.-parent commercial banks have operated in Barbados in the past, none currently do so. Financing using domestically-generated funds is generally available only to Barbadians or permanent residents of Barbados. The Embassy recommends that US sellers to Barbados require payment using confirmed letters of credit to avoid difficulties in collecting past due accounts from a party hundreds of miles distant -- at least until firms have a satisfactory record of doing business with each other. Both Barbados and the United States are members of the Inter-American Development Bank; as such, U.S. firms are eligible to bid on IDB-financed projects. The Embassy submits notice of these projects to the National Trade Data Bank as soon as information is available about them. Commercial Banks: The Bank of Nova Scotia Mr. Yvon Luc Lessard, Manager P.O. Box 202 Broad Street Bridgetown, Barbados Tel: 809/431-3000 Fax: 809/426-0969 Barbados National Bank Mr. Winston Beckles P.O. Box 1002 11 James Street Bridgetown, Barbados Tel: 809/427-5920 Fax: 809/426-0969 Barclays Bank PLC Mr. John Bennett, Senior Caribbean Director P.O. Box 301 Broad Street Bridgetown, Barbados Tel: 809/429-5151 Fax: 809/436-7957 Canadian Imperial Bank of Commerce Mr. Robert Sallis, Senior Manager P.O. Box 405 Broad Street Bridgetown, Barbados Tel: 809/426-0571 Fax: 809/426-9034 Caldon Finance Merchant (B'dos) Ltd. Tweedside Road St. Michael Tel: 809/437-7550 Fax: 809/426-7342 Caribbean Commercial Bank Ltd. P.O. Box 1007C Broad Street Bridgetown, Barbados Tel: 809/431-2500 Fax: 809/431-2530 Caribbean Financial Services Corporation Life of Barbados Building Wildey St. Michael, Barbados Tel: 809/436-1960 Fax: 809/426-1869 Caribbean Investment Bank Inc. Stevmar House Rockley Christ Church, Barbados Tel: 809/435-9967 Concorde Bank Limited Ernst & Young Centre Bush Hill Lower Bay Street St. Michael, Barbados Tel: 809/427-8100 Intel Overseas Bank Inc. Goding House, Suite 7 Spry Street Bridgetown, Barbados Tel: 809/436-88 London Life Bank Corporation Life of Barbados Building St. Michael, Barbados Tel: 809/436-1300 Mutual Bank of the Caribbean Inc. Trident House Lower Broad Street Bridgetown, Barbados Tel: 809/436-8335 Fax: 809/429-5734 National Trust & Banking Corporation (Caribbean) Ltd. Ernst & Young Centre Coles Building Lower Bay Street St. Michael, Barbados Tel: 809/427-4050 Royal Bank of Canada P.O. Box 68 Broad Street Bridgetown, Barbados Tel: 809/426-5200 Fax: 809/436-8393