Helping You Get Where You Want To Be
Bharat Bank provides a portfolio of Trade Finance Products and Services that help you meet your business needs.
- Remit payment of your import consignment in advance to your supplier
- Gives you the opportunity to negotiate for better pricing with your supplier
- Less transaction cost compared to L/C or Collection Bills
- Documentation assistance
- Faster processing of transactions
- We arrange for status reports of your suppliers, thereby reducing risk of goods delivery
- Competitive pricing and exchange rates
- Remit payment only after taking full delivery of the goods
- You have complete control over your import transactions
- You get automatic credit period extended by the supplier for making payments
- Satisfaction regarding quality and quantity of goods
- Less transaction cost compared to L/C or Collection Bills
- Documentation assistance
- Faster processing of transactions
- Competitive pricing and exchange rates
- Structuring L/C instrument as per your business requirement
- Documentation assistance
- Arranging status reports of your overseas suppliers
- Faster processing of transactions
- Robust network of correspondent banks worldwide to advise your L/Cs faster
- Issuance of Regular L/C etc. as required by you, for both capital and non – capital goods as well as services
- Competitive pricing and exchange rates
- Booking a forward contract for the import bill payment will protect you from foreign exchange rate fluctuations
- Most popular method of payment in international trade. The seller forwards the shipping documents to you through your banker, against which you make the payment of your import consignment
- Bharat Bank is your trusted agent for handling your shipping documents and completing your trade settlement seamlessly
- Bharat Bank intimates you regarding arrival of your shipping documents at the bank’s counters through the most expeditious means
- Seamless release of your original documents
- Less transaction cost compared to L/C
- Documentation assistance
- Faster processing of transactions
- Competitive pricing and exchange rates
- Booking a forward contract for the import bill payment which protects you from foreign exchange rate fluctuations
- Bharat Bank issues letter of undertaking on your behalf against which a foreign lender extends buyer’s credit
- You get an extended credit period for making the payment
- Negotiate with your exporter on sight basis and get a better pricing. Thereafter avail buyer’s credit
- Financing available at competitive ARR linked interest rates
- Faster processing of transactions
- Booking a forward contract for the loan repayment will protect you from foreign exchange rate fluctuations
- Ensures receipt of your export payment in part or full, thereby giving you significant control over your export transaction
- Recommended mode of payment when you are dealing with a new overseas client
- Bharat Bank facilitates receipt of such funds and ensures faster credit to your account
- Documentation assistance
- Competitive pricing and exchange rates
- Bharat Bank extends pre-shipment export finance to you against confirmed order or L/C. This helps you to procure, manufacture, process and package your export consignment
- Ensures you meet the delivery timeline of your exports
- Financing is available both in INR and in major foreign currencies
- Concessional interest rate
- Running account facility is available
- Faster processing of transactions
- Documentation assistance from our trade experts
- Present your export documents to us and we will forward them to your buyer’s bank in an expeditious manner
- Documents will be released to your buyer only upon payment or against acceptance to make payment on due date
- Bharat Bank will follow up to collect your payment and credit the same to your account
- This will help you gain increased control over your export receivables
- You are assured of greater payment security as compared to open account system as the documents will not be released by the buyer’s bank pending payment or acceptance to make payment
- Your overseas importer client issues an export L/C in your favour
- The L/C is received by us through SWIFT mechanism
- We ensure export L/Cs issued are advised to you faster through the most expeditious means
- Export L/C is checked for authenticity to ensure safety of your transaction and security of your payment
- We help you understand L/C terms better so as to enable you to prepare L/C compliant documents.
- We can also confirm your L/C subject to terms and conditions
- We can negotiate your L/Cs advised at very competitive pricing
- Bharat Bank helps you to extend credit to your overseas buyer without hampering your cash flow by financing your export sales receivables.
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Various credit options available are :
- Negotiation of export bills under Letters of Credit
- Purchase / Discount of export bills not under L/C
- Rupee Advances against export bills sent on collection
- Credit available in INR as well as in Foreign Currencies
- Credit extended at competitive rates
- Maximum credit period allowed as per extant RBI directive
- Finance available up to 100% of the bill of exchange value, subject to conditions
- We check your documents thoroughly for compliance of L/C terms, before forwarding the same to the bank issuing the L/C
- Faster processing of transactions
Forward contract is a mechanism through which exchange
rate
is fixed in advance for purchase or sale of foreign currency at a future
date.
You can book forward contracts with us to hedge your exchange rate risk
inherent
in various foreign exchange transactions. As an exporter you will be able to
calculate the amount realizable on your export of goods in home currency.
Similarly as an importer you can determine the future cost of your imports
in
home currency.
- Competitive exchange rates
- Easy tracking of your forward contract outstandings
- Better working capital fund management
- Foreign exchange market advisory by forex experts
- Bharat Bank issues Guarantees in foreign currency on your behalf for various approved purposes as defined under FEMA guidelines
- Better negotiation of prices with overseas buyers against your exports
- Competitive pricing
- Expert support from trade finance specialists on documentation and other parameters of the transaction
- This is an electronic trading platform wherein customer of the Bank can directly get quote for USD/INR rate to buy and sell foreign exchange.
- Customer can directly deal on the platform and have access to current rates, thus moving from phone-based trading to electronic trading.
- Bharat Bank is offering this facility through its B -category branches. (email id : fed.fort@bharatbank.co.in / fed.goregaon@bharatbank.co.in )
- Customer has to first register on the platform by selecting Bharat Bank as relationship bank, post which they can go for online trading.
- For registration visit: https://www.fxretail.co.in