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Trade Services

A wide range of trade services exist to meet a range of short term tomedium term trade nancing requirements.

Imports

Letter of Credit

A Letter of Credit (LC) is a written undertaing issued !" a !an on!eha#f of its customer in favour of the !eneciar" to pa" a certainsum of mone" against presentation of stipu#ated set of documents

that comp#" with the terms of the LC. $nder an LC% thecreditworthiness of the !an rep#aces that of the customer.

Import Bill Collections

&ocumentar" Co##ections are a common and 'exi!#e mode ofpa"ment for goods purchased from domestic or overseas supp#iers.It invo#ves hand#ing of documents !" !an in accordance with theco##ection instruction received from remitting !an.

Trade Credit

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done against sanctioned credit #imits. This is o3ered in !oth in rupeeas we## as foreign currenc".

Export Bill Collection

*xport !i## co##ection !rings convenience maing internationa#!aning !ecome much more uniform% fewer de#a"s in receivingpa"ment% e3ort#ess access to co##ection information detai#s%increased contro# over export receiva!#es and an e5cient cash 'owmanagement.

6uarantees

hi#e entering into a #arge,sca#e !usiness transaction or carr"ingout a high,va#ue pro2ect% a compan" is often required to su!mit aan 6uarantee. In an increasing#" cha##enging !usinessenvironment% a !an guarantee is an e3ective wa" of securingperformance and pa"ment. Some of the variants of guaranteeso3ered inc#ude7

-erformance 6uarantees

+inancia# 6uarantees

id ond 6uarantees

Advance -a"ment 6uarantees

&eferred -a"ment 6uarantees

In#and Trade

Inland Letter of Credit Iss!ance

In#and Letter of Credit is used to guarantee pa"ment to domesticsupp#iers. The Letter of Credit terms and conditions he#ps to protectinterests of !u"er.

Inland Bill #isco!nting $%nder Letter of Credit&

+inance is provided !" discounting in#and !i##s drawn under #etters ofcredit% if the documents are found to !e strict#" in terms with Letterof Credit conditions and on receipt of acceptance from the Letter ofCredit issuing !an.

Inland Bill #isco!nting $ot !nder Letter of Credit&

+inancing for !i##s drawn on documents against acceptance terms% to

the extent of c#ient1s sanctioned credit #imits.

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Bills for Collection

i##s for Co##ection service provides increased contro# over tradereceiva!#es and e5cient cash 'ow management for Se##ers.