Helping Small Businesses Like Yours

A letter of credit and documentary credits are the same. It is a letter of guarantee from a bank that a seller will receive the buyer's payment on time and in the right amount. Yes, it is the advance mode of payment for any business transaction is Commercial Letter of Credit (LC), as buyer’s bank guarantees payment to seller through seller’s bank on demonstration of required documents as per LC. The geographical distance between importer and exporter is very far; hence commercial letter of credit in Singapore can save your transaction and help you to enhance your business. A commercial letter of credit offers direct payment from the bank to the beneficiaries receiving payments. So, carry on reading the upcoming passage to learn more about its advantage in the global business. Advantage Of A Commercial Letter Of Credit In Singapore A letter of credit enjoys various advantages in international trade. Go through the below mention points to learn more. The major advantage o...

Financial guarantees are an agreement by a third party to back the liability of a second party for its payment to the ultimate investor. But, here is a twist, a financial guarantee does not always cover the whole amount of debt. It might guarantee to back only the principal or the interest but not both. If you are a business owner and, you are going through a bad financial condition, you can take the help of this kind of service provider. In Thailand, you will get a lot of companies, but selecting the reliable one is indeed stressful. But, friends, no need to be worried! From this piece of writing, you will get to know the contact information of the right service provider. But, prior to knowing the name, make out some important things about this service. Scroll down to the subsequent passage right now.     Things you need to know about financial guarantee Financial guarantees are helpful to lenders in attracting investors. The investors enjoy peace of mind that the lender w...

A bank guarantee means an agreement provided by a bank or other commercial entity that will take care of the bank or finance company's losses if a particular defaulter refuses to return a refund. The bank will guarantee the issuer through this bank guarantee that the bank will take care of them if the defaulter does not reach its duty. Advantage of Bank Guarantee   Go through the below mention points and you will easily understand the benefits of a bank guarantee. As a business person, if you apply for a bank guarantee, you will need to submit very few documents and you are not required to make the advance payment in case of a bank guarantee. Bank guarantee is an agreement or a promise between three parties - the bank itself, the applicant, and the beneficiary. It helps to have a beneficiary’s vetting for your business. As an owner of a restaurant, if you want to buy huge kitchen equipment from another company. The equipment vendor requires you to submit a bank guaran...

A letter of credit is undoubtedly an important tool in international trade. It provides an assurance to the exporter of receiving payments. Nowadays, many business owners in the UK are showing interest in the letter of credit. If you are involved in international business, you are also advised to take the same route. You should contact a renowned investment bank regarding the Letter of Credit in the UK. Here you will get the perfect guidance. But prior to contact, take a look at the adjoined passage to know about this financial instrument. What is the Letter of Credit? A Letter of Credit is a document issued by a bank that guarantees the buyer’s payment to the seller within the deadline with the right amount. If the importer is unable to make a payment on the purchase, the bank will take responsibility on behalf of the importer. The Letter of Credit is issued against a pledge of security or cash. And the banks charge the fee depending on the particular percentage of the amoun...

There is no doubt that business and risk are concomitant with each other. Hence, in order to avoid risk, many business owners who are involved in international business take help of trade finance. It is an important part of a financial transaction and many investment banks are now offering this service. If you are a newcomer in the world of international business, it highly recommended going for trade finance in Australia. But before contacting an investment bank, you should know about the term ‘trade finance’ in detail. Well, this post can help you in this respect. Different types of trade finance products The different types of trade finance products are including:  Letter of Credit Supply chain finance Export and agency finance Structured trade and commodity finance Aside from reducing the risk of non-payment and non-receipt of goods, trade finance has become an effective tool for companies to improve revenue. Now, go through the attached passage to know ab...