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.

[pawan]

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