A Letter of Credit (LC) is an instrument issued by bank/financial institution for trade transaction. It is a type of payment in especially in International trade among an exporter and importer...
Standby letters of credit (SBLC) are often used in international trade transactions, such as the purchase of goods from another country. The seller will ask for a standby letter of credit...
A Bank guarantee (BG) is a promise from a bank/NBSC that the liabilities of a debtor will be met in the event that you fail to fulfill your contractual obligations. With a BG, assets are safe and...
Export financing is a key competitive factor for exporters and may increase their opportunities of signing a contract. There are several advantages for both importers and exporters in having the Bank handle and finance the transaction.
Export finance helps businesses release working capital from cross-border or domestic trade transactions, that would otherwise be tied-up in invoices or purchase orders. Export finance helps a company to grow and increase trade.