Advising and Confirmation of Documentary Credits (DCs)
When we advise DCs to our customers, our export trade specialists check the authenticity of each DC issued to them by their counterparties.
When we confirm DCs to our customers, it offers additional protection for payments. We provide DC Confirmation for DCs issued by a large number of banks. Our confirmation of a DC assures payment against compliant documents irrespective of the DC issuing banks’ ability to pay.
Bills Purchasing / Discounting
Export DC Negotiation
We can provide immediate payment to our customers on presentation of shipping documents under a Documentary Credit (DC) transaction. Our experienced staff checks documents and correct errors to ensure compliance before submission to the DC issuing bank.
Proceeds from Export DC Negotiation can be used to settle Trust Receipt Loans.
Purchase of Export Documents
We can purchase / discount export documents in both kinds of export arrangements – Documents against Payment (D/P) and Documents against Acceptance (D/A).
This facility allows our customers to receive a cash advance against an expected payment under Documentary Collections thus improving their cash flow.