A bill of exchange drawn by customers to their order, payable on a specific future date and accepted by the bank for the purpose of financing export, import or domestic sales and purchase.
Bills received from seller/exporter’s bank with instruction for payment or acceptance from the buyer.
A document given to a seller by the bank at the buyer’s request to pay a stated sum of money against stipulated documents and compliance of the terms and conditions within a prescribed time limit.
A loan facility in foreign currency to finance importation of goods including capital goods such as machinery and plants from foreign suppliers and export financing.
A trade financing facility for financing of imports, exports and domestic sales and purchases. Financing is available for other separate payments such as freight/carrier charges and import duties.
A document issued by the bank to the shipping company that allows you to collect the goods in the absence of a Bill of Lading. Applicable for purchase of goods under the bank's LC or IBC.
A financing facility that allows you to collect your local/foreign purchases before payment of the Sight Bills/Usance Bills, as your supplier is advanced by the bank.