Trade Finance is a short term credit availed by a bank to their borrower for importing and exporting activities. It included various kinds of loans, advances, and facilities required for imports and export deals. The economics of these trade finance facilities depends on local currency (LCY) and foreign currency (FCY) interest rates.
A Guarantee is an irrevocable promise made in writing by one person (guarantor or surety) to another party (the beneficiary) to answer for the debt or default of a third party. The commission will be charged for the full period of validity plus the period during which claims may be made at the time of the issue of the guarantee. We issue the below-mentioned guarantee as per the needs of the customers to execute their contracts and commitments.
Bid Bond Guarantee.
Advance Payment Guarantee.
Supplier Credit Guarantee.
Letter of Credit
A "Letter of Credit" is used as an instrument for settlement of payment arising out of commercial transactions like sales/purchases in national/international trade. We issue below mentioned LC as per the requirement of our customers.