Our range of export trade products and services
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EXPORT SOLUTIONS
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DETAILS
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| Export letter of credit |
An export letter of credit is a document whereby your buyer instructs their bank to pay you, assuming that the agreed conditions specified in the original documentary credit are met |
| Export letter of credit advice & transfer |
Benefit from prompt advising of export letter of credit from a wide international network through Standard Chartered. Transferring happens when you are a trade facilitator and you need to transfer the LC to a 2nd beneficiary(ultimate supplier) without extra security/collateral |
| Letter of credit confirmation |
Exporters may deal not only with unknown foreign buyers, but also with their banks which are less well known institutions and whose letter of credit (LC) may not be sufficient comfort. By requesting Standard Chartered to confirm your export LCs, you obtain our guarantee of payment for document presented in compliance with the credit |
| Export (Pre-shipment) financing |
We provide pre-shipment finance against irrevocable letters of credit from or purchase orders in a number of currencies to allow you to trade with confidence. If you need to fulfil a sales contract but need funds to purchase raw materials or process goods for export, Standard Chartered offers you pre-shipment export financing in a variety of currencies |
| Letter of credit negotiation |
Standard Chartered’s thorough checking standards will assure you that your documents will not be rejected. Strict service standards are applied to ensure that your documents are negotiated and dispatched quickly |
| Export Invoice Financing |
When goods/services are supplied in credit, the bank advances financing on the invoices you submit to Standard Chartered to bridge the working capital gap created |
| Export collection services |
Simplify dispatch tracking of payment and reconciliation of your export collections when you choose Standard Chartered’s documents against acceptance, documents against payment or clean collections. Under the Export Bills Collection, we also offer discounting of the bills when supply is made in credit until maturity of the bill |
| Discounting of Avalised Draft |
We provide discounting of avalised drafts without needing collateral depending on the bank that has avalised the bills |
Our range of import trade products and services
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IMPORT SOLUTIONS
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DETAILS
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| Import letter of credit issuance |
A Standard Chartered letter of credit gives you the assurance from a world class bank when dealing with unfamiliar suppliers, you can be confident that payment will not be made until the documents are received and verified to be in order. Under the Import letter of credit, we also support our clients through Import Loans, paying the letter of credit when it falls due to match the business working capital cycle. |
| Import invoice financing and Pro-forma Invoice Financing |
Standard Chartered will be able to provide financing solutions to pay for the supplier’s documents under letter of credit or import collections. To facilitate trade where upfront payment is required before goods/services delivery. Payment is made directly to the buyer and a credit period matching the business working cycle is given |
| Import bills collection services |
By informing your supplier to send their shipping documents to Standard Chartered, you will enjoy prompt advice upon our receipt of documents and efficient payment according to your instructions. We are also able to give import financing under the bills when they are due or at sight |
| Shipping guarantee |
To operate your business efficiently, it is vital your goods be cleared expeditiously. By issuing a shipping guarantee in the shipper’s favor, Standard Chartered facilitates prompt clearance of goods until bills or ladings are received. |
| Customs bonds and guarantees |
Standard Chartered offers tailored solutions to meet your entire performance bond and guarantee needs |
