_
Custom Search

   
  Financial & Investment Group
  Negotiation Discount of Export Bills under LC
 

Do you need to obtain financing upon presentation of the L/C documents?
Bills Negotiation / Bills Discounting allows a seller to obtain financing and receive immediate payment upon shipment of goods, based on trade transaction documents. The bank will negotiate when purchasing a Sight Bill of Exchange and discount when purchasing a Usance Bill Of Exchange.
Transactional process:
  1. After shipping the goods, the seller presents the shipping and/or financial documents to the bank.
  2. The bank checks the documents (if accompanied by a Letter Of Credit), purchases them, and credits the net proceeds to the seller's account.
  3. The bank then sends the documents to the buyer's bank and claims reimbursement.
We specialize in sourcing trade finance, and arrange funding for export transactions on behalf of exporters, and international trade finance professionals world wide. We arrange the finance for Trade related business and forfeiting. We specialize in arranging non-recourse discounting of domestic and export receivables, based on the purchase of Bills of Exchange, Promissory Notes and invoices. We also have particular expertise in arranging Letters of Credit finance, including refinancing, confirmation and discounting.
Overseas Trade Finance is dealing with Trade Finance related business and Forfaiting. 
Our Trade Finance team assists businesses engaged in domestic and international trade. We can arrange finance through carefully selected institutions and help put in place financial structures which enable you to carry out your business more effectively.
At Evergreen, we have a wide knowledge of the players in the market, and know who is hungry for business and who specialists in certain industries are.
The company philosophy is simple. They believe in building strong relationships through understanding your needs and aspirations. This is supported with a flexible and adaptable approach. And because Evergreen are independent, it means you have direct access to the decision makers.
Export Credit Agencies and Financing Partner
Our financing firm offers Exporters flexibility within a simple structure and increases their ability to win business in competitive international markets. Discounting can be applied as a stand alone finance package or it can be used in conjunction with officially supported credits backed by Export Credit Agencies (ECA's) such as ECGD in the UK, Hermes in Germany, Sace in Italy, Coface in France and Ex-Im Bank in the USA.
Used on its own, my financing Partner discounting flexibility enables Exporters to offer their clients financing for up to 100% of the contract value, whereas ECA backed finance is mainly restricted to only 85% of the value of the goods being supplied.
Used in conjunction with ECA backed credits, discounting can be used to finance the uncovered portion of the transaction, including the down payment or any ineligible foreign content. My partner financing firm has extensive experience working directly with exporters in providing financing solutions. Alternatively, it can work with the bank nominated to arrange the ECA backed credit.
What is Discountable?
Document evidencing the debt owed by the Buyer to the Exporter. This debt can be evidenced by a wide range of documentation such as
  • Promissory Note
  • Bills of Exchange
  • Letters of Credit/Standby Letters of Credit
  • Payment guarantees
  • Open Book Receivables,
      subject to certain conditions
In most instances, the debt will need to bear the unconditional, irrevocable and freely transferable guarantee or the aval of an acceptable bank in the Buyer's country. In some cases however, My Import & Export financing partner firm can consider top tier corporate or government debt without additional bank security.
Applications & Tenors
Typical applications and tenors
   Commodities (oil, coal, rice, grain, etc.) Financed from 90 days to 18 months.
   Services (engineering, design, maintenance, etc.) Financed from 180 days to 3     years.
   Technology (software, computers, communications, etc.) Financed from 180 days to 5 years.
   Capital equipment (machine tools, generators, tractors, etc.) Financed from 2 to 7 years.
   Turn Key Plants (power generation, asphalt production,etc.) Financed from 3 years to 7years
   Construction/Project (hospitals, airports, factories, etc) Financed from 3 years to 7 years.
Export Credit Agencies and Financing Partner
Our financing firm offers Exporters flexibility within a simple structure and increases their ability to win business in competitive international markets. Discounting can be applied as a stand alone finance package or it can be used in conjunction with officially supported credits backed by Export Credit Agencies (ECA's) such as ECGD in the UK, Hermes in Germany, Sace in Italy, Coface in France and Ex-Im Bank in the USA.
Used on its own, my financing Partner discounting flexibility enables Exporters to offer their clients financing for up to 100% of the contract value, whereas ECA backed finance is mainly restricted to only 85% of the value of the goods being supplied.
Used in conjunction with ECA backed credits, discounting can be used to finance the uncovered portion of the transaction, including the down payment or any ineligible foreign content. My partner financing firm has extensive experience working directly with exporters in providing financing solutions. Alternatively, it can work with the bank nominated to arrange the ECA backed credit.
 
  Today There have been 1 visitors (19 hits) on this page!  
 
=> Do you also want a homepage for free? Then click here! <=
__