The choice of a trade services provider is vital in a world where both speed and attention to detail are crucial and where you need a partner who can not only deliver service excellence but also bespoke Trade Solutions tailored to your needs. From day to day working capital needs to financing international trade, we have it all. Corporate Finance, Working Capital, Trade Financing, Project Funding, Equipment Lease Facilities Trade Services: Export & Import LC Documentary Collections Pre & Post Export Financing and Import Financing Guarantees Structured Trade Finance Solutio Trade finance solutions Trade Finance Facilities This is the method by which the importer may wish to reduce risk by wanting the seller to document the goods that have been shipped. This could be applied by the importer’s bank providing a letter of credit to the exporter for payment upon presentation of certain documents. Other types of trade finance may include Documentary collection, trade credit insurance, export factoring, forfaiting and others. Trade finance usually refers to financing international trading transactions. In this type of financing understanding, the financial institution of the importer provides payment for goods imported on behalf of the importer. Bank guarantee is a promise or an undertaking by a financial institution ensuring that the liabilities of their
Letter of Credit – LC Facility in UAE- Trade Finance A Letter of Credit is a written undertaking by a Bank issued at the request of an applicant (Importer) to pay a fixed sum of money at a specific date to a specific party (Beneficiary/Exporter) subject to the receipt of specified commercial and/or financial documents listed in the Letter Of Credit. The Bank almost always issues Irrevocable Letters of Credit, the terms of which cannot be amended after issuance until the beneficiary, the applicant and the Bank agree to the changes. UAE Banks issues LCs in accordance with Uniform Customs and Practices for Documentary Credit Publication No 500 of the International Chamber of Commerce.