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Trade Finance Related Services-
A. EXPORT BILL NEGOTIATION Special Arrangement Scheme After shipping the goods, you are obviously in need of funds to carry out further supplies. We understand this and have made Special Arrangement for you to carry on smoothly !
Under
this scheme, the documents submitted by the beneficiaries to us are discounted
as per LC terms against Usance LCs, if the LC provides for payment of usance
interest by the opener and can be overdrawn to the extent of such limit.
Though the tenor of the bill of exchange will be Usance, the beneficiary gets paid 100% of the invoice value immediately if documents are submitted as per LC terms. The interest is recovered from the applicant i.e. importer on the due date of the bill. We offer fine rates for discounting and the charges levied are very competitive.
Special Offer Scheme
Under this scheme, the documents submitted by the beneficiary to us are negotiated/discounted as per LC terms and 100% of the invoice value is released immediately to the beneficiary. But the interest in this case is borne by the beneficiary from the date of negotiation/discounting till the date of maturity/actual receipt of funds from the LC issuing Bank. The rate of interest charged from the beneficiaries is generally prime rate of interest for the currency in which the bill is designated. But a concessional rate can always be considered if the exporter assures a sizable volume of business to us.
These
schemes have been evolved to help the Japanese/ Korean/ Taiwanese corporate to
increase their exports to India by providing credit at competitive rate of
interest.
B. Collection of Bills/Checks
Our wide network of branches (Over 9000 branches) in India and abroad enables us to collect the proceeds of bills/checks of the Japanese corporate drawn on a drawee in India or elsewhere within a reasonable period.
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Tokyo Branch Mr. C. Vasudevan 03-3284-0097
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Osaka Branch Mr. G. Surendranath Mr. George Abraham 06-6271-3237
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