Trade Finance signifies the financing option available for traders to conclude their import and export needs without unlocking their cash funds. This type of financing options is being used by nearly 90% of global trade deals. Mostly, when it comes to fiscal support, Banks are the only option available for traders to avail the required financial facilities to conclude their deals. Mostly, small businesses often have very limited access to loans and other finance support from banks. On the other hand, the banks may also demand cash margin or any other form of collateral from their clients to issue the bank instruments. But, in this pandemic crisis of COVID-19, businesses don’t want to tie up their entire working capital in one deal. On the other side, sellers who export the goods can’t afford to wait for their payment of supplied goods, until their goods reached to the final destination port. So to bridge this gap, “Trade Financial Services” has been introduced. By making use of Bank Support, you can carry out your import and export activities without facing liquidity or lack of cash flow issues. But the question that often strikes in mind that “Is Banking Instruments are Renewable or Not?” Watch the video below to get a detailed answer for this question. As the video explains, all the Banking Tools are “Renewable” subject to certain terms and conditions. These tools are renewable before at least 15 DAYS prior to its expiry. For this, the client needs to pay the renewable period fee charges.
This video also explains the Validity of Instruments such as — Letter of Credit, Bank Guarantee, Standby LC, Letter of Comfort, Advance Payment Bond, Performance Bond, and Bid Bond. Usually, the validity varies depending on the bank instruments and for which it is being used. Bronze Wing Trading L.L.C., the trusted Bank Instruments Providers in Dubai, UAE offers a range of bank instruments that helps importers and exporters to conclude their trade deals successfully. And also, by issuing guarantees, we help contractors and manufacturers to avail lucrative and worthy contracts. Unlike banks and other financial sectors, we work in a different way by providing the required financial instruments within 2 working days with less paperwork and ZERO cash margin. So, if you’re in need of our bank support for your business, contact us today! You can write to us via email or fill out the contact form available on our website. Comments are closed.
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Contact Info:
Office 3002, Aspect Tower, Al Mustaqbal Street, Business Bay, Dubai, United Arab Emirates. 00971-4-5519699 Email: [email protected] Website: www.importletterofcredit.com |