In "cash against delivery of goods" exports, a maximum of 80% of the invoice amount is prepaid to exporter upon shipment, and in the instance of non-payment of the invoice by the debtor (importer) on due date, the prepayment is recovered from the exporter. The purpose here is to meet the financing requirements of the exporter.

Irrevocable Export Factoring

In "cash against delivery of goods" exports, a payment guarantee is demanded from the foreign correspondents in favor of the buyer, where the foreign correspondent guarantees payment of the invoice amount for the shipments within the predetermined limits, with no right of recourse to the exporter for the prepayments. The purpose here is insurance of the risk of non-payment of the receivables.

Assignment of Export Letter of Credit

In deferred payment export letters of credit, 80% of the letter of credit amount is paid to the exporter against assignment of their letter of credit receivables. It may be revocable or irrevocable depending on the type of the letter of credit.

Assignment of Receivables of Acceptance Credit Exports

In acceptance credit export transactions, 80% of the amount of the bills of exchange accepted/avalized by the importers or banks is paid to the exporter. It may be revocable or irrevocable depending on the creditworthiness of the debtor/avalist.

Import Factoring

In prepaid import transactions, the bills of exchange drawn on the importers by the exporters are avalized, and those bills of exchange are discounted by our designated foreign correspondents, thereby enabling the exporters to collect and receive the cost of goods in cash, and on the other hand, our importer customers are enabled to import the goods against deferred payment, rather than paying for them in cash.

Up to a maximum of 80% of the invoice receivables is paid against assignment of receivables arising out of forward sales of the customer to its local buyers by way of open account. In this type of transactions, the invoice debtor is not informed of assignment of the receivables. The customer collects the receivables, and may be subject to recourse.

Assignment of Receivables With Notice

Up to a maximum of 80% of the invoice receivables is paid against assignment of receivables arising out of forward sales of the customer to its local buyers by way of open account. In this type of transactions, the invoice debtor is informed of assignment of the receivables, and the receivables are collected by us. It may be revocable or irrevocable depending on the creditworthiness of the buyer.

Assignment of Receivables of Checks/Promissory Notes

In forward sales of the customer to its local buyers against checks/ promissory notes, revolving finance is provided to the customer through discount of the invoice based checks/promissory notes or through payment of a maximum of 80% of the amount thereof. It may be revocable or irrevocable depending on the creditworthiness of the check/promissory note drawers.

Consultancy Services

• Market study and sector analysis demands of the customers are fulfilled.
  
  
• Intermediary and consultancy services are provided for meeting the project-finance needs of customers.
  
  
• Intermediary and consultancy services are provided for meeting the foreign-origin working capital needs of customers.
  
  
• Intermediary and consultancy services are provided for meeting the non-cash credit demands such as opening of letters of credit and receiving of guarantees abroad.