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  #2  
7th November 2015, 12:05 PM
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Re: State Bank of India Trade Finance

Hello sir I want to know what facilities re provided under trade finanace in state bank of India so here can you please give me its details ?
  #3  
7th November 2015, 12:05 PM
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Join Date: Aug 2012
Re: State Bank of India Trade Finance

Hey as State Bank of India is an Indian multinational, Public Sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharastra.

Here I am giving you details of facilities under trade finance :-

TRADE FINANCES


Issuance and advising of Domestic and Foreign Letters of Credit.

Confirmation of Export Letter of Credit.

Issuance of Guarantees on behalf of Domestic Customers

In favour of Domestic Beneficiaries and Foreign Beneficiaries.
Issuance of guarantees on behalf of foreign correspondent banks to beneficiaries in India.

Deferred Payment Guarantees.

Domestic and Foreign Bills discounting.

SWIFT Interface.

(e-TradeSBI) Front-end interface (Internet Based) at the customer place. Through e-TradeSBI, the customer can request the Bank;

To issue Letter of Credit and handle related bill transactions

To issue Bank Guarantee

To send advice on Letters of Credit received from others

To lodge Export Collection Bills

To enquire status of Trade Finance transactions

For negotiation of bills and track negotiated bills

For Advance against Export Bills on Collection

For Lodge of Bills where Full Advance Payment has been received

Delivery Platforms at all 7 CAG branches having specialization to provide Trade Finance Services, adhering to Six Sigma principles.

While SBI is the most widely accepted Indian Bank across the world with correspondent relationship extending to a spectrum of international banks numbering 876 at present our LCs, Guarantees and DPGs are issued at the most competitive rates.

SBI is the only Indian Bank whose guarantee is accepted by most of the Export Credit Agencies globally without seeking confirmation.

SBI's Clean & Documentary Collections are made at most competitive rates through our Global Link Services.


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