Trade Finance Instruments
Benefits
Letter of Credit (LC)
Any arrangement however named or described, that is irrevocable and thereby constitutes a definite undertaking of the issuing Bank to honor a complying presentation.
Standby Letter of Credit (SBLC)
An irrevocable undertaking providing for payment in case of applicant default.
Demand Guaranties (BG)
Any signed undertaking however named or described, providing for payment on presentation of a complying demand.
Documentary Collection (DC)
The handling by banks of documents in accordance with instruction received, in order to:
- Obtain payment and/or acceptance;
- Delivery documents against payment and/or acceptance;
- Deliver documents on other Terms & Conditions.
Discover More
- Trade finance instruments reduce the risk associated with global trade by reconciling the divergent needs of an exporter and importer.
- For businesses engaged in international trade, trade finance solutions are integral to success within the global marketplace.
Advantages for the Beneficiary
- Security of the Payment - payment is assured as long as you comply with the terms and conditions of the LC/SBLC/BG;
- Better Cash Flow - It helps sellers manage their cash flow;
- Risk Transfer- The credit risk is transferred from the buyer to the issuing bank, which is obligated to pay even if the buyer goes bankrupt.
Advantages for the Applicant
- Confirmation of Buyer's Solvency - It helps buyers to prove their solvency;
- Transfer of the Responsibility - The issuing bank assumes the ultimate financial responsibility of the buyer;
- International Business - You may significantly increase your ability to do business with companies outside Albania by improving your realtion with your suppliers;
- Better control and monitoring - You can build safeguards into the instrument, including inspection of the goods and quality control, and set production and delivery times.
- Draft Preparation Free of charge
- Consulting Expertise Free of charge
- Other Bank Charge As incurred
Contact
For any further inquiries contact the following email adress:
tradefinance@intesasanpaolobank.al