TRADEDFINANCE2020 is available in Bangladesh
There have been numerous transactions with clients from Bangladesh, but all transactions are based around Letter of Credit issued by an acceptable Bangladesh Bank. We can provide confirmations and discounting where payment tenors are up to 2 years, although most commonly tenors are 180/360 days, especially for transactions involving buyers from Bangladesh. Typical transactions relate to cross border trade, often where Bangladesh buyers are purchasing equipment or machinery. But it is not only for Bangladesh. More than 100 countries are evaluated by us and can be considered. You will find the country list HERE.
Under TRADEFINANCE2020 it is essential that (1) the importer’s bank is willing to issue a Letter of Credit, a DLC or an SBLC for the client. This is the basis for this non-recourse funding model. (2) The importer and his bank have to be located in one of the countries which are on “our list”. (3) The issuing bank does not have to be TIER 1, but acceptable. If the bank is not acceptable, possibly due to country risk, their European counterpart might have to endorse the instrument. (4) The exporter/seller and the importer/buyer will have to be established companies with a track record of at least 3 years. (5) Tenor can be up to 5 years and rates are generally in the low 6% per annum with a set-up fee of around 0,5% all depending upon the credit risk evaluation of the exporter and the importer. To find out if and how your transaction qualifies and under which final terms, please submit the Evaluation Form which you can download HERE.
Wishing you a very Merry Christmas surrounded by your precious family, and sending you all the best Irish blessings for the coming year. We are at your service again starting from January 2, 2020 bringing you the very best structured trade finance solutions.
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