#1
9th July 2016, 08:55 AM
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Abu Dhabi Commercial Bank Trade Finance Department
Hello, I want to know the details of the Trade Finance department of the Abu Dhabi Commercial Bank.
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#2
9th July 2016, 10:09 AM
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Re: Abu Dhabi Commercial Bank Trade Finance Department
Hello, here I am providing you the details of the Trade Finance department of the Abu Dhabi Commercial Bank as under: About the service: ADCB’s Trade Finance products and solutions are structured around clients’ business needs in imports, exports, re-exports, guarantees and short-term financing. Facilities: Credit facility up to AED 30 million or up to a maximum of 90% of the inward Letter of Credit amount (whichever is lower) Export finance facility available for businesses with annual sales turnover up to AED 150 million Payment options available in various combinations of Letters of Credit, direct payments to suppliers, as well as cash to meet the requirements of the exporter Shari’ah compliant products also available Products: Letters of guarantee Structured Trade Finance Collections and Advising Letter of credit Pre and post shipment Finance Types of Guarantees Tender Bonds Performance Bonds Advance Payment Guarantees Retention Guarantees Payment Guarantees Financial Guarantees Labour Guarantees Advantages of using collection as a payment method - The exporter’s bank monitors whether the payment is made or accepted The shipping documents stay in the banking system until the collection has been paid or accepted You can electronically initiate and manage your export collections You benefit from better liquidity |