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Letter of Credit Advising

The Bank advises Letters of Credit opened by our branches in India or abroad or by our Correspondent Banks, to the beneficiaries in Singapore, after due authentication of the SWIFT or the original received through mail/courier. In case of need and at the request of the Issuing Bank we will consider adding our confirmation to the Letter of Credit.

In case of need and at the request of the Issuing Bank we will consider adding our confirmation to the Letter of Credit.

Export Letter Of Credit Negotiation

We extend post-shipment finance to exporters by way of negotiation of documents presented under Letters of Credit, if such documents are drawn in strict compliance with the terms and conditions of the relative L/C, with utmost care and promptness.

In case of issuance bills, we also provide discounting facility to the exporters, subject to fulfillment of terms and conditions of limits sanctioned.

Export Documentary Collection

In case of export bills not backed by any Letter of Credit, we agree to handle such documents on collection basis, by acting as the Exporter’s Agent, by sending the documents to the importer’s bank (if nominated) or through our correspondent-bank, for realization of the bill amount.

Supplier’s Credit

We offer Supplier`s Credit against acceptance from the importer’s bank, where the importer is not able to obtain credit terms from the exporter. We step in to provide finance to the importer, by paying the exporter on sight basis and accepting payment from the importer on a future date. These financing are extended at most competitive rates and charges.