Import Lines / Domestic Purchases

• Letter of Credit (LC) - Sight and Usance
  A written undertaking from a world class bank to pay a beneficiary (e.g. supplier) only against agreed set of stipulated documents, provided all terms and conditions of the LC are met.
  
  Sight LC Payment - This is payment made against set of documents that are in full compliance with the LC Terms & Conditions.
  
  Usance LC Payment - This is payment made on a future date to beneficiary after acceptance of the LC documents.
• Loan Against Trust Receipts (LATR) & Import Loans
  This is a short term Import Loan, mainly offered in conjunction with Import LCs.
• Bill / Invoice financing for imports and local purchases
  Payment against presentation of Invoices through Trust Receipts.
• Bank Guarantees / Bonds
  This is a guarantee / bond issued in favour of a specified Company/ Institution/ Organistion e.g. Payment, Performance, Advance Payment, Regulatory, Shipping Bonds / Guarantees.

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Export Lines / Domestic Sales

• Document against Payment
  Used in Sight & Usance Bills and allows for release of commercial documents only against buyers payment.
• Document against Acceptance
  Usually used in Usance Bills and allows for release of commercial documents against the buyers acceptance.
• Pre-shipment export financing
  This is extended as Working Capital Demand Loan (Short Term Loan) for exports - mainly against LCs.
• Bill/Invoice financing for export/local sales
  Payment against presentation of agreed invoices (bill invoice discounting).
• Bank Guarantees / Bonds
  This is a guarantee / bond issued in favour of a specified Company/ Institution/ Organistion e.g. Payment, Performance, Advance Payment, Regulatory, Shipping Bonds / Guarantees.

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Working Capital Facilities

• Overdraft (Revolving Credits & Short Term Advances)
• Local Cheque Purchase & Discounting
  Local cheque advance against post - dated Cheques of agreed clients with tenor up to 180 days.