OVERSEAS TRADE FINANCE ( OTF )
|
|
- Rolf Melton
- 8 years ago
- Views:
Transcription
1 OVERSEAS TRADE FINANCE ( OTF ) Port to Port Trade Finance Trade Finance Equity Trade Finance Report 3
2 Port to Port Trade Finance Trade Finance Equity
3 Overseas Trade Finance specialise in sourcing trade finance, and arrange funding for export transactions on behalf of exporters, and international trade finance professionals world wide. We arrange the finance for Trade related business and forfeiting. OTF specialise in arranging non-recourse discounting of domestic and export receivables,based on the purchase of Bills of Exchange, Promissory Notes and invoices. We also have particular expertise in arranging Letters of Credit finance, including refinancing, confirmation and discounting. Overseas Trade Finance is dealing with Trade Finance related business and Forfaiting. In terms of countries, our primary areas of specialisation are EU,USA,Turkey,NZ China however we are improving our specialty over Middle East, Asian and European countries as well. Our Trade Finance team assists businesses engaged in domestic and international trade. We can arrange finance through carefully selected institutions and help put in place financial structures which enable you to carry out your business more effectively. At OTF, we have a wide knowledge of the players in th e market, and know who is hungry for business and who specialists in certain industries are. Our company philosophy is simple. We believe in building strong relationships through understanding your needs and aspirations. This is supported with a flexible and adaptable approach. And because OTF are independent, it means you have direct access to the decision makers. Our Services Overseas Trade Finance Ltd facilitates companies efforts to finance international and domestic transactions, better manage risks globally, and develop their business.
4 Trade Finance services Importers: L/C Issuance Back to Back LC Import Bills for Collection Import Loan Shipping Guarantee Trust Receipt Facilities Import Invoice Financing Other Trade Finance Services Forfaiting Purchase ( Stock) Finance Export VAT finance Invoice finance/ factoring Gurantee or Bond Standby Letter of Credit Foreign Exchange Risk Management Manage your Business Accounts Receivables Unpaid Invoice Solutions Receivable Financing Fiduciary and Lock-Box Services Letter of Credit (LC) Letters of credit have been a cornerstone of international trade activity for many years. They provide one of the safest mechanisms to trade internationally and they often add the essential ingredient for confidence about payment. Letters of credit are used between the importer and the exporter whereby the letter of credit guarantees that the exporter will be paid by a major bank providing that the exporter can provide documents required under the letter of credit. The importer will not have to pay until the documents have been presented. It is a considerably secure method of payment as it replaces the unknown credit of the buyer with the unimpeachable credit of the Bank. The letter of credit can be clean or documentary. A clean letter of credit makes cash available on demand. Letters of credit used by traders are always documentary. This means that the exporter is required to produce documents stated in the letter of credit evidencing current shipment of the goods ordered before the money is released.
5 Overseas Trade Finance Ltd facilitates companies efforts to finance international and domestic transactions,better manage risks globally, and develop their business. Port to Port Trade Finance Trade Finance Equity
6 Trade Finance services Arranging the following Trade Finance Services for Importers: L/C Issuance Back to Back LC Import Bills for Collection Import Loan Shipping Guarantee Trust Receipt Facilities Import Invoice Financing Arranging the following Trade Finance Services for Exporters: L/C Advising & Confirmation L/C Transfer Export Bills for collection Export Bills Advance Export Bills under LC for Collection Negotiation/ Discount of Export Bills under LC Packing Loan Pre shipment Financing Export Invoice Discounting Sourcing trade finance, and arrange funding for export transactions on behalf of exporters Arranging discounting of time drafts arising from letters of credit Arranging discounting of Letter of credits
7 How it Works 1. The importer and exporter conclude a sales contract which provides for payment through a letter of credit. 2. On the instructions of the importer, his bank known as the issuing bank), prepares the credit in favour of the exporter. In doing so, the issuing bank must be satisfied as to the credit-worthiness of the importer. 3. The issuing bank asks a bank in the exporter s country to advise the credit to the exporter. 4. The advising bank informs the exporter that the credit has been issued and sends him the credit. 5. The exporter checks closely all the requirements of the letter of credit to see that they match the terms of agreement in the sales contract. If there are any discrepancies, they should be clarified immediately with the importer, and either the contract or the letter of credit should be amended so that they conform with each other. 6. Exporter despatches goods as specified in the credit to the importer. 7. The exporter presents the documents, together with a bill of exchange if called for, to the bank which has been nominated in the letter of credit as the aying/accepting/ negotiating bank, (this is usually, although not necessarily,the advising bank). 8. The paying/accepting/negotiating bank checks the documents and, if they are in order, either pays the exporter (under a sight credit), accepts the bill of exchange for payment at a later date (under an insurance credit) or undertakes to pay at a later date (under a deferred payment credit). 9. The paying bank sends the documents to the issuing bank. 10. The issuing bank checks the documents and if they are in order reimburses the paying/accepting/negotiating bank, as arranged previously. 11. The importer pays the issuing bank the amount due or in terms, which have been agreed. 12. The issuing bank releases the documents to the importer. 13. The importer uses the documents to take delivery of the goods. For more information and issuing Letter of Credit contact us.
8 Back to Back Letter of Credit Back-to-Back Letters of Credit are used in international and domestic trade. The parties to a Backto-Back Letter of Credit are: 1. the buyer and his bank as the issuer of the original letter of credit, 2. the seller/manufacturer and his bank, 3. the manufacturer s subcontractor and his bank. This type of credit transaction is used when a seller/manufacturer has to purchase a component or farm out part of the manufacture of a product, but may not have the cash flow to do so. In this case, the seller/manufacturer applies to his bank for a letter of credit, identical to the original Letter of Credit he received from the Buyer, except that it is for a lesser value. This second letter of credit, called a Back-to-Back, is sent to the subcontractor s bank and therefore the subcontractor knows that he will be paid and can proceed.with his part of the transaction - supplying components or service to the manufacturer. A Back-to-back L/C safeguards your interests as a middleman by refraining from the disclosure of the identity/details of your supplier to your customers and vice versa. You simply provide us with the original L/C (called master L/C ) and we will issue another L/C involving the same lot of goods (called baby L/C ) to the supplier.
9 Import Bills for Collection Import collection is a simpler alternative to L/Cs. When your suppliers send the documents to your bank through their bankers, your bank will inform you immediately. Documents are released to you when your supplier s payment terms are fulfilled. How it works: The exporter despatches their goods to you (the importer), and instructs their bank to send the shipping documents to your (the importer s) bank, along with instructions about collecting payment. The bank acts on behalf of the exporters bank to collect payment from you, or a promise that you will pay at a later date if you have agreed this with the exporter. This promise normally involves you (the importer) accepting a Bill of Exchange. Under the agreement, the bank will not release the shipping documents until payment or acceptance has been made. Key advantages You, the importer, pay for goods only when you are happy that the shipping documents such as invoices, insurance certificate and bills of lading are as stipulated in the underlying commercial contract. Provides you with a degree of security that, if the paperwork is correct, the corresponding shipment should be in order too. Useful for trading situations that require more security than Open Account but which do not warrant the expense of a Documentary Credit. Easy and speedy to set up, making them particularly suitable for transactions that need to take place quickly. Often used to bridge the gap between trading on Documentary Credits and open account, where a relationship is building up between buyer and supplier that indicates mutual trust.
10 Arranging the following Trade Finance Services for Exporters L/C Advising & Confirmation LC Advising Advising Letters of Credit (LC) is part of the trade operation process. The bank requested to advise the LC would do so without any engagement on its part. But the bank shall take reasonable care to check the apparent authenticity of the Credit and to advise out the LC without delay. Banks usually advise LC received from their own Branches overseas or LC of their correspondent Banks. If the Bank chooses not to advise the LC or unable to establish the authenticity the LC, it must inform the Issuing Bank without delay. LC may be advised directly to the importer/beneficiary or through their bankers, depending on the instruction contained in the LC. We can arrange advising bank for your LC that provide you LC advising services with Speed and reliability. Simply ask your buyer to choose the Bank which we introduce to you as the L/C advising bank to benefit from the quality and professional service. L/C Transfer A Transfer L/C is an ideal solution. You can wholly or partially transfer the L/C to your suppliers at your request, provided the L/C is transferable. Under such circumstances, the name of the buyer and that of the supplier must be disclosed.
11 Other Trade Finance Services Forfaiting The term a forfait in French means, relinquish a right. Here, it refers to the exporter relinquishing his right to a receivable due at a future date in exchange for immediate cash payment, at an agreed discount, passing all risks and responsibilities for collecting the debt to the forfaiter. Historical Development of Forfaiting The origins of the forfaiting market lie in changes in the world economic structure during the early sixties, when trade between Western and Eastern Europe was re-established. The growing importance of trade with developing countries in Africa, Asia and Latin America boosted the forfaiting market to an international level. Forfaiting vs. Factoring The terms factoring and forfaiting have been mixed up frequently. Factoring is suitable for financing several and different smaller claims for consumer goods with credit terms between 90 and 180 days, whereas forfaiting is used to finance capital goods exports with credit terms between a few months and seven years. Factoring only covers the commercial risk, whereas forfaiting additionally covers the political and transfer risk. Letter of Credit - (L/C) A document, issued by a bank pursuant to instructions of a buyer of goods, authorising the seller to draw a specified sum of money under specified terms, usually the receipt by the bank of certain documents within a given time. In effect, the bank substitutes its credit for that of its customer (the buyer). Bill of Lading A document that establishes the terms of a contract between a shipper and a transportation company under which freight is to be moved between specified points for a specified charge. Usually prepared by the shipper on forms issued by the carrier, it serves as a document of title, a contract of carriage, and a receipt for goods
12 Factoring also provides the following benefits: Credit Risk Protection We provide you with 100% credit risk protection for sales covered by an agreed credit line, when the buyer goes bankrupt, closes business or fails to effect payment. Collection Services Our correspondent will remind your buyers to pay on time, thus reducing your burden of debt collection. Flexible Financing In addition to your existing banking facilities, we provide you with another source of financing to facilitate your cash flows.if your customers are concerned about the credit risks (such as non-payment, non-delivery of goods, warranty,etc.), what can you do? We can arrange different types of Guarantees or Bonds to suit your needs. A guarantee or bond states that you will comply with the terms of the contract/agreement with your customers, otherwise your customers will be compensated. Four types of Guarantee or Bond: Bid Bond Performance Bond Advance Payment Guarantee or Down Payment Guarantee Payment Guarantee Standby Letter of Credit Whether for yourself or your business, a Standby Letter of Credit can be used to secure a variety of transactions where a third-party guarantee of payment may replace a cash or bond deposit. It s a strategically smart way to leverage the credit power of your portfolio. A Standby L/C is a guarantee to the beneficiary against defaults by the applicant in the performance of his commitment. It is often used in lieu of a performance guarantee; for example, to help another company obtain credit. For more information contact us.
13 Escrow Account Lock-Box Services You want to be entirely sure that you will be paid for your services? You want payment in advance, but your client wants a counter guarantee? Your credit insurance limit is insufficient to cover the risk of non-payment? Your client can only pay you once they have been paid? The solution is Escrow account. An Escrow Account is a special bank account for the deposit of funds, to which the beneficiary s access is a subject of the fulfillment of certain conditions. An escrow agreement setting out these conditions is usually drawn up. Escrow is your trusted third party, ensuring a problem-free transaction between buyer and seller thanks to an effective procedure.
14 OVERSEAS TRADE FINANCE ( OTF ) Port to Port finance Trade Finance Equity Trade Finance Report 3
15 OVERSEAS TRADE FINANCE LIMITED ADRESS : 1 GLENALMOND ROAD MT. EDEN AUCKLAND 1024 NEW ZEALAND TEL : +64 (0) FAX : +64 (0) , TELEX : OTIGNZ, Website : info@otf.co.nz,
Global Transaction Services
Global Transaction Services Cash Management Trade Services and Finance Securities and Fund Services Maximizing the Benefits of Export Letters of Credit: A Risk Mitigation Tool William E. Morrissey Director
More informationFrequently Asked Questions Trade Services
Frequently Asked Questions Trade Services IMPORT LETTER OF CREDIT What are the various forms of Import Services? (Payment instruments) in International Trade? There are two main options: Letter of Credit
More informationGuide to importing and exporting
Guide to importing and exporting September 2011 Version 41 Table of contents Introduction 4 We have the solutions for your needs...4 Important Information...4 Getting started 5 What do I do first?...5
More informationISO20022 Trade Services Dashboard Description of business processes. ISO20022 - Trade Services Description of Business Processes
ISO20022 Trade Services Dashboard Description of business processes 1 Trade Services Description of Procurement: Sub-Functions Tendering Ordering Delivering Invoicing Process for buyer to contact potential
More informationFinancial Instruments
There are two basic forms of Letters of Credit: Standby (SBLC) and Documentary (DLC). Financial Instruments Documentary Letters of Credit can be either Revocable or Irrevocable, although the first is extremely
More informationForfaiting. An Introduction
Forfaiting An Introduction FINANZ AG ZÜRICH 10 Bleicherweg PO Box 900 CH - 8070 Zurich Switzerland Telephone: +41 1 211 28 30 Telefax: +41 1 211 38 54 www.finanzag.csfb.com Forfaiting is a trade finance
More informationExport Transactions. Finance and Risk
Export Transactions Finance and Risk Table of Contents Export Finance Export Finance Methods Pre-Export Export Finance Methods Post-Export Structured Commodity Finance Export Risk Forms of Export Risk
More informationHow To Pay For International Trade
A FirstBank Presentation PAYMENTS SYSTEM IN NIGERIAN INTERNATIONAL TRADE An Overview Presented by the Group Managing Director. 26 November 2012. Introduction Payment Systems To succeed in today s global
More informationTrade Services Service & Price Guide
Trade Services Service & Price Guide Version1: April-2014 Standard pricing applicable for Trade Services (applicable for Wholesale Banking / Transaction Banking / SME & Consumer Banking Clients of Standard
More informationFlashcards for Chapter 6 Introduction to Working Capital Management [ ]
Flashcards for Chapter 6 Introduction to Working Capital Management [ ] [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract
More informationFAQs Trade Finance. ecobank.com
FAQs Trade Finance ecobank.com TRADE FINANCE FAQS Q. What are the products used by banks in international trade? A. Cheques, transfers, bill of exchange, documentary bill, documentary collection, letter
More informationBEST FORMS OF MONEY TRANSFER AND PAYMENT CONDITIONS
BEST FORMS OF MONEY TRANSFER AND PAYMENT CONDITIONS BEST FORM FOR MONEY TRANSFER FORMS OF MONEY TRANSFER INTRODUCTION: Sending or receiving money for either payment of salaries, settlement of business
More informationParties to a guarantee. Direct guarantees
Guarantees The request for bank guarantees in support of contractual obligations has become common practice in the market and different forms of guarantees have evolved to cater for the diverse types of
More informationINTERNATIONAL TRADE FINANCE SERVICES
INTERNATIONAL TRADE FINANCE SERVICES DOCUMENTARY LETTERS OF CREDIT A PRACTICAL GUIDE CONTENTS LETTERS OF CREDIT SIMPLY DEFINED.............................................2 BENEFITS OF A LETTER OF CREDIT...............................................3
More informationBAFT-IFSA Product Definitions for Traditional Trade Finance Publication Date: May 2011
BAFT-IFSA BAFT-IFSA Product Definitions for Traditional Trade Finance Publication Date: May 2011 1 BAFT-IFSA Product Definitions for Traditional Trade Finance Section 1: Introduction Banks have long provided
More informationTransport Insurance for International trade
Transport Insurance for International trade 1) International trade insurance indemnifies importers and exporters against various types of losses, including damage to goods in transit, products injuring
More informationTHE WORKING CAPITAL CYCLE IN INTERNATIONAL TRADE
THE WORKING CAPITAL CYCLE IN INTERNATIONAL TRADE Introduction The working capital cycle is the period of time which elapses between the points at which cash is used in the supply/production process, to
More informationOptimizing Payment Cycles for Trade Payables and Receivables
Optimizing Payment Cycles for Trade Payables and Receivables Houston Treasury Management Association Space City Cash Conference September 2013 Madeline Sprague, HSBC Bank USA, N.A. Global Trade & Receivables
More informationFORFAITING. A useful tool in Trade Finance
1. What is Forfaiting? 2. Which instruments are eligible for forfaiting? 3. Why does the Exporter like the forfaiting tool? 4. What is the advantage for the Importer? 5. Any advantage for the Importers
More informationJ. Gaspar: Adapted from Jeff Madura, International Financial Management. Slides by Yee-Tien (Ted) Fu
Chapter 19 Financing International Trade J. Gaspar: Adapted from Jeff Madura, International Financial Management 19. 1 Slides by Yee-Tien (Ted) Fu Merchandise Trade Merchandise trade, i.e., exports and
More information11/11. Trade Services Service & Price Guide
11/11 Trade Services Service & Price Guide Standard Pricing applicable for Trade Services (applicable for Wholesale Banking / Transaction Banking / SME & Consumer Banking Clients of Standard Chartered
More informationLetters of Credit. A Guide to Letters of Credit
Letters of Credit A Guide to Letters of Credit These manuals are created as resource guides for members of Saskatchewan Trade and Export Partnership (STEP). For more information on these manuals please
More informationAl-Saudia Virtual Academy Pakistan Online Tuition Online Tutor Pakistan
Al-Saudia Virtual Academy Pakistan Online Tuition Online Tutor Pakistan LETTERS OF CREDIT Introduction: As the world s economy expanded, international trade started. In the beginning, there were serious
More informationPROFILE INDEX. Introduction 3. Key Definitions 4. Features & Benefits 5. Standard Operating Procedure 6. Service Process 7. Service Undertaking 8
COMPANY PROFILE PROFILE INDEX Introduction 3 Key Definitions 4 Features & Benefits 5 Standard Operating Procedure 6 Service Process 7 Service Undertaking 8 Contact Details 9 Trade Finance Glossary 10 Page
More informationINTERNATIONAL PAYMENT METHODS
S T R I C T L Y P R I V A T E A N D C O N F I D E N T I A L INTERNATIONAL PAYMENT METHODS Broward Economic and Small Business Development Export Readiness Semiar February, 2012 Abby Martinez Vice President
More informationFinancial Risk, Payment Methods, Trade Finance. International Financial Risk. Three Risk Categories. Credit Risk. Political Risk.
Financial Risk, Payment Methods, Trade Finance World Trade Practices Chapter 16 International Financial Risk Incomplete International Data Procedural Errors External risks Currency valuation Foreign receivables
More informationTerms and Techniques to Manage Receivables, Protect Assets and Enhance Working Capital
Terms and Techniques to Manage Receivables, Protect Assets and Enhance Working Capital TERM / TECHNIQUE DEFINITION APPLICATIONS ADVANTAGES DISADVANTAGES Open Account Terms Seller makes shipment and awaits
More informationINTERNATIONAL SERVICES GOING FURTHER TO HELP YOU EXPAND
INTERNATIONAL SERVICES GOING FURTHER TO HELP YOU EXPAND I need a bank that understands my plans and has experts I can rely on With our support expanding your business overseas or entering into a new market
More informationAppendix 16 Trade Finance
Appendix 16 Trade Finance Trade finance is the term used to describe the means by which companies finance and secure payment for the provision of goods and services. It is usually used to describe international
More informationGlobal Transaction Services
0 Global Transaction Services Cash Management Trade Services and Finance Securities Services Fund Services Unlocking the Benefits of Export Letters of Credit Phyllis Kai-Kee Director/Global Product Manager
More informationIndex. call options 102 cap and floor options 103 capital goods 125 capital markets 145 capital risk 111 cargo insurance 16
Index acceptance 50 accessory obligation 71 Act of God 24 advance payment 35 advance payment guarantee 77 adverse business risks 20 advising bank 48, 73 air waybill 43 amendments 55 annuities 150 anti-corruption
More informationSmall and Medium Enterprises
Small and Medium Enterprises YOUR LOANS Small and Medium Enterprises Financing Products for Your Business A consumer education programme by: contents 1 Introduction 2 The right product for the right purpose
More informationPAYMENT TERMS AND EXPORT FINANCE RESOURCES
GENERAL INFORMATION A successful export transaction starts with the negotiation of a sales contract and ends with a timely payment. The buyer/importer gets the product they want and pays the seller/exporter
More informationA GuiDe to DoCumentArY Business. Documentary Credits and Collections.
A GuiDe to DoCumentArY Business. Documentary Credits and Collections. Contents. The Documentary Collection. Documentary collection process. 7 General information. 7 The collection order. 8 What you should
More informationRAKfinance. Liability Certificate AED 500. Loan Statement Charges AED 500. Part Settlement of Loan
RAKfinance Service and Price Guide with effect from 05-08-2015 Loan Processing Fee 2.50% of the loan amount* Liability Certificate AED 500 Loan Statement Charges AED 500 Early Settlement of Loan Business
More informationACI Global Trade Manager
PRODUCT LINE FLYER ACI Global Trade Manager Links all transaction participants (buyer, seller, banks and third parties) through a common collaborative platform Shortens the cash cycle for the buyer and
More informationGUIDE TO INTERNATIONAL PAYMENT METHODS. Making international trade accessible to every business
GUIDE TO INTERNATIONAL PAYMENT METHODS Making international trade accessible to every business 2 As the globe is becoming smaller and international trade is becoming easily accessible, the issue of moving
More informationLECTURE NO.8 THE ROLE OF GUARANTEES AND BONDS IN INTERNATIONAL TRADE
LECTURE NO.8 THE ROLE OF GUARANTEES AND BONDS IN INTERNATIONAL TRADE A guarantor issues a guarantee or bond, usually a bank or an insurance company, on behalf of an exporter. It is a guarantee to the buyer
More informationContents. List of Tables. List of Figures. Preface. About the Authors. Acknowledgements
Contents List of Tables List of Figures Preface About the Authors Acknowledgements Glossary xii xiii xv xvii xviii xix 1 International Trade and Inherent Risks 1 Background of International Trade 1 Exporters
More informationChapter 19. Financing International Trade. Lecture Outline
Chapter 19 Financing International Trade Lecture Outline Payment Methods for International Trade Prepayment Letters of Credit Drafts Consignment Open Account Trade Finance Methods Accounts Receivable Financing
More informationDocumentary credits, collections and bank guarantees
Documentary credits, collections and bank guarantees Documentary credits, collections and bank guarantees This book is aimed primarily at import or export companies purchase department employees, CFOs,
More informationHow To Understand Factoring
LESSON 13: FACTORING THEORETICAL FRAMEWORK Lesson Objectives To understand the Concept of Factoring. Methodology of Factoring and Forfeiting. Types of factoring. Introduction Receivables constitute a significant
More informationTrade Finance Guide. A Quick Reference for U.S. Exporters
Trade Finance Guide A Quick Reference for U.S. Exporters Table of Contents Introduction...1 Chapter 1: Methods of Payment in International Trade... 3 Chapter 2: Cash-in-Advance... 5 Chapter 3: Letters
More informationuide Trade Finance Guide A Guide and Overview to Export Financing
uide Trade Finance Guide A Guide and Overview to Export Financing TRADE FINANCE GROUP 2 Table of Contents 5 INTRODUCTION 6 METHODS OF PAYMENT IN INTERNATIONAL TRADE 8 CASH-IN-ADVANCE 9 LETTERS OF CREDIT
More informationTrade Finance. Guide. A Quick Reference for U.S. Exporters
Trade Finance Guide A Quick Reference for U.S. Exporters Trade Finance Guide: A Quick Reference for U.S. Exporters is designed to help U.S. companies, especially small and medium-sized enterprises, learn
More informationWant to start or grow your import/export business? Learn how from industry experts. View our training schedule. International Payment Methods
Want to start or grow your import/export business? Learn how from industry experts. View our training schedule International Payment Methods As the globe is becoming smaller and international trade is
More informationGuidelines for completion of APPLICATION FOR IRREVOCABLE DOCUMENTARY LETTER OF CREDIT
Guidelines for completion of APPLICATION FOR IRREVOCABLE DOCUMENTARY LETTER OF CREDIT Dear valued customer, Please find below guidelines for completion of the APPLICATION FOR IRREVOCABLE DOCUMENTARY LETTER
More informationFORFAITING A USER'S GUIDE WHAT IT IS, WHO USES IT AND WHY?
FORFAITING A USER'S GUIDE WHAT IT IS, WHO USES IT AND WHY? By: John F Moran, Jr. Abstract Italian and West German exporters have long been familiar with Forfaiting and still provide the bulk of the market.
More informationTrade Finance Guide. A guide and overview to Export Financing. Trade Finance Guide 1
Trade Finance Guide A guide and overview to Export Trade Finance Guide 1 TABLE OF CONTENTS...3...4...7...10...13...16 Bank Working Capital Program...21...24...27...29...32...19 For more information, please
More informationMODULE 2 PRICING, FINANCING, PAYMENT METHODS DRAFTED BY: MYCCI BULGARIA
MODULE 2 PRICING, FINANCING, PAYMENT METHODS DRAFTED BY: MYCCI BULGARIA NOVEMBER 2012 Contents PRICING, FINANCING, PAYMENT METHODS...2 INTRODUCTORY NOTES:...2 ABSTRACT:...2 PRICING...3 Price, pricing &
More informationPURCHASE SALE. Customised Solutioning and Advisory Services. Global Transaction Services Simplified Banking. Customised Solutions
Customised Solutioning and Advisory Services ING Vysya Bank offers advisory services relating to FEMA, EXIM Policy, URC, UCPDC, URDG, ECA Financing and ECGC through vastly experienced trade finance practitioners
More informationHow To Finance International Trade
M19_MOFF8079_04_SE_C19.QXD C H A P T E R 7/1/11 19 2:35 PM Page W-50 International Trade Finance Financial statements are like fine perfume: to be sniffed but not swallowed. Abraham Brilloff. LEARNING
More informationInternational Services.
Business International Services. Going the extra mile for your business. Contents. Sending and receiving money Sending money abroad...1 International Moneymover...1 International drafts...1 Receiving money
More informationBill Discounting. Exporter. Importer BANKING AND TRADE FINANCE TUTORIAL. Importer s Bank. Exporters Bank INDIA FOREX ADVISORS.
Bill Discounting While discounting a bill, the Bank purchases the bill receivable to the Exporter (i.e. Bill of Exchange or Promissory Note) before its due date and credits the value of the bill to the
More informationTARIFF AND CHARGES CORPORATE BANKING HSBC LEBANON
TARIFF AND CHARGES CORPORATE BANKING HSBC LEBANON HSBC Bank Middle East Limited, Lebanon Introduction Dear Customer, At HSBC, we believe that you, our customer, should be made fully aware of the fees that
More informationCHAPTER 20 INTERNATIONAL TRADE FINANCE SUGGESTED ANSWERS AND SOLUTIONS TO END-OF-CHAPTER QUESTIONS AND PROBLEMS
CHAPTER 20 INTERNATIONAL TRADE FINANCE SUGGESTED ANSWERS AND SOLUTIONS TO END-OF-CHAPTER QUESTIONS AND PROBLEMS QUESTIONS 1. Discuss some of the reasons why international trade is more difficult and risky
More informationSITPRO. International Trade Guides. Financial. Methods of Payment in International Trade
SITPRO International Trade Guides Financial Methods of Payment in International Trade Methods of Payment in International Trade This guide explains the different methods of getting paid and the different
More informationCHAPTER 9: BANKING DOING BUSINESS IN GREATER PHOENIX, U.S.A. 9.1: THE U.S. BANKING SYSTEM 9.2: ESTABLISHING A U.S. BANK ACCOUNT
CHAPTER 9: BANKING 9.1: THE U.S. BANKING SYSTEM Unlike banks in many countries, U.S. banks are not government-owned and managed. They provide deposit facilities for the general public, provide loans for
More informationATOMEX-Europe 2013. 8-9 October 2013, Brno, Czech Republic
ATOMEX-Europe 2013 8-9 October 2013, Brno, Czech Republic VTB today VTB is a backbone Russian bank, which has built an international financial group. VTB Group possesses a unique international network
More informationInternational Business Price List
International Business Price List Prices correct as at 28 June 2014 Introduction This International Business Price List sets out the prices we charge for international transactions and our most frequently
More informationFORFAITING IMPROVE YOUR CASH FLOW & MITIGATE RISK - WHILE OFFERING YOUR CUSTOMERS EXTENDED PAYMENT TERMS
Financing International Sales using Forfaiting Presented by Gregory Bernardi LFA FORFAITING IMPROVE YOUR CASH FLOW & MITIGATE RISK - WHILE OFFERING YOUR CUSTOMERS EXTENDED PAYMENT TERMS 1 FORFAITING AGENDA
More informationPresentation on Banking & Finance - Exports Prashanth.S.Bhat. Cost Accountant
Presentation on Banking & Finance - Exports Prashanth.S.Bhat Cost Accountant Export Finance & Factoring Services EXPORT FINANCE - PCFC - Post shipment finance - Factoring Services IMPORT FINANCING - Buyer
More informationTrade and Stock Finance. A Funding Whitepaper from Pegasus Funding Resources. www.pegasusfunding.co.uk
Trade and Stock Finance A Funding Whitepaper from Pegasus Funding Resources. www.pegasusfunding.co.uk 01932 244810 peter.kelly@pegasusfunding.co.uk richard.olsen@pegasusfunding.co.uk ben.clark@pegasusfunding.co.uk
More informationPricing Guide 2014 Vietnam
5 Transaction Banking Pricing Guide 2014 Applicable for Corporate & Institutional Clients Effective from May 15, 2014 Contents Cash Management: Account Services 2 Cash Management: Payments 5 Cash Management:
More informationMarketing Consultancy Division (MCD) Export Consultancy Unit (ECU) Export in Focus. Jumada Awal, 1428 (May, 2007)
Marketing Consultancy Division (MCD) Export Consultancy Unit (ECU) Export in Focus Factoring & Forfaiting Jumada Awal, 1428 (May, 2007) 1 Factoring & Forfaiting While the business opportunities associated
More informationEXPORTER S SOUK EVENT FOUR SEASONS 4/23/2015 1
EXPORTER S SOUK EVENT FOUR SEASONS 4/23/2015 1 FACTORING Factoring is a financial transaction whereby a company sells its receivables to a Third Party (Factoring Company) at a discounted rate. Not a loan
More informationTHE USE OF CONSTRUCTION BONDS IN THE USA FLANDERS INVESTMENT & TRADE MARKET SURVEY
THE USE OF CONSTRUCTION BONDS IN THE USA FLANDERS INVESTMENT & TRADE MARKET SURVEY In the United States, the use of construction bonds is common in construction projects. It is issued by an insurance company
More informationMIZUHO BANK, LTD. TERMS AND CONDITIONS Bank s Service Charge and Fee BANGKOK BRANCH. 16 March 2016. Page 1 of 14
MIZUHO BANK, LTD. BANGKOK BRANCH TERMS AND CONDITIONS Bank s Service Charge and Fee 16 March 2016 Page 1 of 14 A: COMMON CHARGES Audit Confirmation Balance Confirmation Bank Certificate Certify copy of
More informationNATIONAL DEVELOPMENT BANK PLC
NATIONAL DEVELOPMENT BANK PLC TARIFF BOOKLET Revised May 2014 Product Development & Management Unit THE RATES AND CHARGES CONTAINED HEREIN ARE SUBJECT TO CHANGE Contents General Information... 3 1. CURRENT
More informationStandard List of Fees and Commissions for Corporate Clients
Standard List of Fees and Commissions for Corporate Clients Expobank CZ a.s., Vítězná 126/1, Prague 5, PSČ 150 00, IČ: 14893649 (hereinafter only Bank) Valid from 1. 7. 2015 I. Opening, maintaining and
More informationKrung Thai Bank PCL. Table 3: Service Fee Charges and Penalties Related to Deposit and Loan, and Other Fees Effective from 16 th October 2008
Attachment for Circular No. 825 /2559 Issued on 12 April 2016 Krung Thai Bank PCL. Table 3: Service Fee Charges and Penalties Related to Deposit and Loan, and Other Fees Effective from 16 th October 2008
More informationCORPORATE ACCOUNT. ...we make the difference
CORPORATE ACCOUNT CORPORATE ACCOUNT GUIDE TO OPENING YOUR ACCOUNT Please complete all the relevant portions of the Application Form and Account Opening mandate and return the package along with the following
More informationInternational Sales Finance Solutions
International Sales Finance Solutions Global Transaction Services Cash Management Trade Services and Finance Securities Services Fund Services International Sales Finance Solutions Financing Tools to Support
More informationPartnership for Global Reach Trade Products Brochure
I I Partnership for Global Reach Trade Products Brochure I I INTRODUCTION Whether you are a buyer or seller of goods or services, we at Hong Leong Bank, with our extensive network of agent banks worldwide
More informationAccounts Current account minimum monthly average balance
Schedule of Charges Accounts Current account minimum monthly average balance Call deposit minimum monthly average balance AED 100,000 or equivalent, by arrangement for customers with facilities AED 250,000
More informationLECTURE No.9 INSTRUMENTS OF PAYMENT
LECTURE No.9 INSTRUMENTS OF PAYMENT Cash and cash instruments The cashier s work consists in receiving cash and cash instruments such as cheques and other instruments ( documents of title to cash ) in
More informationThe World of (International)Factoring
The World of (International)Factoring Facts & Figures Different Products The Two-Factor System The Role of IFG Erik Timmermans Secretary General IFG 1 Evolution of World Factoring Turnover 1980 : +/- 50
More informationBusiness and Agri Loan Terms and Conditions
October 2012 Thank you for choosing an ANZ loan. When you take out a loan, various terms and conditions apply to it. These are covered in this Terms and Conditions document and in your loan agreement.
More informationINTERNATIONAL FINANCIAL SETTLEMENTS
INTERNATIONAL FINANCIAL SETTLEMENTS Dr Katarzyna Sum Chair of International Finance Warsaw School of Economics Lecture information The material for the lectures is available on my website http://akson.sgh.waw.pl/~ksum/
More informationMAYBANK CHINA BRANCH. (Aug.2015)
FEES & CHARGES FOR FOREIGN CURRENCY BUSINESS A) IMPORTS 1. Issuance of Documentary L/C 0.25% on 1 st USD50,000.00 0.125% on balance in excess of USD 50,000.00 Minimum USD50.00 Cable charge USD60.00 2.
More informationCHAPTER 5: International Payment Mechanisms. Feedback: Pre-session task:
CHAPTER 5: International Payment Mechanisms Feedback: Pre-session task: Read the text below (source: Šopovová, Šimek Introduction to English for International Trade Law, MU Brno 2005, pp. 85 86) about
More informationExport Import Bank Financing Programs
Export Import Bank Financing Programs The Export Import Bank of the United States (Ex Im Bank) is the official export credit agency of the United States. Ex Im Bank assists in financing the export of U.S.
More informationCorporate Banking Services. Tariff of Accounts and Services
Corporate Banking Services Tariff of Accounts and Services - - Effective Date: 5 JUL 05 Corporate Banking Services Tariff of Accounts and Services GOVERNMENT PRICING and GOVERNMENT-GUIDED PRICING ITEMS
More informationTERMS and CONDITIONS Applicable to Foreign Correspondents
TERMS and CONDITIONS Applicable to Foreign Correspondents Issue April 4th, 2012 These Terms and Conditions supersede all those previously issued and are subject to change at any time without prior notice.
More informationLending Fees and Charges. Effective from 20 July 2015.
Lending Fees and Charges Effective from 20 July 2015. About this brochure These fees and charges are applicable at the time of printing and are subject to change. We recommend you confirm that you have
More informationBank Guarantees in International Trade
Bank Guarantees in International Trade Table of contents Preface.................................................... 3 Acknowledgement.......................................... 4 Introduction...............................................
More informationSupply Chain & Circular 37 13 September 2013
Supply Chain & Circular 37 13 September 2013 Typical Supply Chain Overview The following slides are intended to provide an overview of typical supply chains for air and ocean transportation originated
More informationTARIFF GUIDE R ETAIL BANKING
TARIFF GUIDE R ETAIL BANKING Contents TABLE OF FEES & CHARGES ACCOUNTS & DEPOSITS 2 SERVICES 6 withdrawals & transfers 9 CARDS 10 E-BUSINESS 13 LOANS & FACILITIES 14 GUARANTEES 18 IMPORTS & EXPORTS 19
More informationBANKING UNIT POLICY DOCUMENTS
BANKING UNIT POLICY DOCUMENTS POLICY DOCUMENT ON THE REGULATORY PROVISIONS FOR THE UNDERTAKING OF LENDING ACTIVITIES BY INSTITUTIONS AUTHORISED UNDER THE FINANCIAL INSTITUTIONS ACT 1994 FACTORING FORFAITING
More informationInvoice Factoring, Debtors Discounting and Trade Finance are bridging facilities using your debtors, stock or movable assets to raise cash.
Dear Sir / Madam, Re Bridging Facilities Invoice Factoring, Debtors Discounting and Trade Finance are bridging facilities using your debtors, stock or movable assets to raise cash. A key element is that
More informationYour Partner in International Trade, Investment & Structured Finance. Aon Trade Credit Asia
Your Partner in International Trade, Investment & Structured Finance The ever-changing financial and political landscape makes it impossible to predict the future. Our culture encourages us to aggressively
More informationCorporate and Investment Banking. Trading with confidence with bank guarantees
Corporate and Investment Banking Trading with confidence with bank guarantees 1 Bank Guarantees Standard Bank your trade partner in, for and across Africa Trading with confidence with bank guarantees Requesting
More informationInvoice Finance. Contents. Factoring and Invoicing Discounting 1. The Advantages 2
Invoice Finance All businesses rely on receiving money for goods and services that they provide and if everyone paid their bills on time wouldn t life be much simpler! Invoice Finance is the means by which
More informationFCI GENERAL RULES FOR INTERNATIONAL FACTORING (Printed June 2010)
FCI GENERAL RULES FOR INTERNATIONAL FACTORING (Printed June 2010) TABLE OF CONTENTS SECTION I Article 1 Article 2 Article 3 Article 4 Article 5 Article 6 Article 7 Article 8 Article 9 Article 10 Article
More informationPricing Schedule. Effective from 1 st January 2015. Page
1 TABLE OF CONTENTS 1. ACCOUNTS SERVICES 4 1.1. CURRENT ACCOUNT 4 1.2. CALL DEPOSITS INTEREST 4 1.3. TIME DEPOSITS INTEREST 5 1.4. EARLY REDEMPTION ON TIME DEPOSIT 5 2. GENERAL SERVICES 6 2.1. CASHIER
More informationVanilla Options. Product Disclosure Statement. 21 May 2015
Vanilla Options Product Disclosure Statement Issued by Western Union Business Solutions (Australia) Pty Limited (NZ Branch) (Company Number 3527631, FSP 168204) 21 May 2015 This document provides important
More informationCustomer financing in Brazil Guide for a Finnish SME exporter
Customer financing in Brazil Guide for a Finnish SME exporter Contents Financial markets 2 Know your customer 3 Prepayments received from the buyer 4 Granting payment terms with invoice 5 Bills of exchange
More informationThe Training Material on Multimodal Transport Law and Operations has been produced under Project Sustainable Human Resource Development in Logistic
The Training Material on Multimodal Transport Law and Operations has been produced under Project Sustainable Human Resource Development in Logistic Services for ASEAN Member States with the support from
More information