Trade Finance
Unlocking Global Opportunities: Empowering Trade with our Comprehensive Trade Finance Solutions.
Services
RTGS (Real Time Gross Settlement)
Instant, Reliable, and Secure Funds Transfer: Experience Seamless Transactions with our RTGS Services. Send and receive money using our RTGS services.
SWIFT (Society for Worldwide Interbank Financial Transactions)
Use our SWIFT transfer services to connect to global banking.
Letters Of Credit (LCs)
To keep your trading partners at ease, it might be necessary to guarantee that your payment will arrive on time and for the agreed amount. Our Secured Outward Letter of Credit guarantees precisely that
We provide undertakings for our customers who are buying goods and guarantee payment to the sellers as long as the terms and conditions indicated in the LC are met by the seller.
Bonds/Guarantees
A Guarantee or Bond is an irrevocable obligation issued by the bank on behalf of its customer (known as the Applicant) whereby the bank stands as a surety in favor of a third party (Beneficiary) for whom the bank customer is providing goods or some services. In case of default on the part of the Applicant in honoring its obligation towards the beneficiary, the bank is bound to pay the amount claimed by the Beneficiary up to the guarantee amount.
Documentary Collection
This transaction is initiated by the seller, who dispatches goods to the buyer. At the same time, the seller entrusts related documents (which may include negotiable bills of lading) to its bank for collection of the sale proceeds, and the delivery of the documents to the buyer, according to the terms of the sales contract. The seller’s bank will ask a correspondent bank in the buyer’s country to deliver to the buyer the documents of title to the goods against payment of the amount due (documents released against payment − ‘D/P’) or against acceptance of a term bill of exchange (documents released against acceptance − ‘D/A’).