Ing Vysya Bank Buyers Credit

What are the functions and the features of the Buyers Credit of the Ing Vysya Bank, will you please give me some details about it? Also tell me when the Ing Vysya Bank provides the Buyers Credit? Buyer's Credit service is specially designed for whom?

Hii Guys , I want to know Buyers Credit Information of ING VYSYA Bank ,Will you Plzz Give me Details for Same ?

[Kiran Chandar]

The Bank Provides Buyer's Credit, it is the Credit Availed by an Importer (Buyer) From Overseas Lenders

Banks and Financial Institutions for payment of his Imports on due date

The overseas Banks usually lend the Importer (Buyer) Based on the letter of Credit (a Bank Guarantee) Issued by the Importers (Buyer's) Bank.

It can be availed for working capital needs or for import of capital goods.

Consumers can Continue Buying and Selling of Securities from Your Existing Demat Account.

There is no Change in your Depository Participant ID.

You can also continue using the existing Delivery Instruction Booklets in case of offline transactions and existing trading platform in case of online trading accounts.

In case you hold Demat accounts with both entities you can continue operating them.

Export Credit

ING Vysya provides Extensive export Credit for pre-Shipment and post-Shipment Requirements of Exporter Borrowers in rupees and Foreign Currencies.
Export packing Credit
Export Bills negotiation
Export Bills Purchase & Discounting

ING VYSYA Arranges for ECA financing for sourcing from more than one country

Remittance Services
Inward Remittance Services
Outward Remittance Services

Advisory Services

Advisory Relating to
FEMA,
EXIM Policy,
URC,
UCPDC,
URR,

URDG Reserve Bank of India Guidelines, High Seas Sales, Merchanting Trade, Third Country Imports .