Local bill discounting
Corporate clients who supply or purchase goods under inland LCs can discount their bills at attractive rates. We assure you of a prompt service while submitting documents to the LC-opening bank and arranging for acceptance under LC.
Export bill negotiations/collections
ADCB India's export bill negotiation facility lets you obtain hassle-free short-term finance for your business. You can receive payment as soon as your goods are shipped, simply on the basis of your trade transaction documents. Export bill negotiation is ideal for your business if you do not have regular capital limits with the bank.
- Competitive pricing
- Quick turnaround time
- Negotiation under LC is a lot easier than taking regular working capital limits from a bank
- Maximum tenure of 180 days.
Letter of Credit (LC)
In a business cycle, the buyer is required to pay for purchases in the domestic and international markets. We issue Letters of Credit for various tenures depending upon the business requirements, which helps facilitate the purchase of goods in the local and global trading operations.
Our Letters of Credits are accepted worldwide.
Export LC advice/confirmation
We advise on export LCs received from our correspondent overseas banks to the respective beneficiaries through a special courier arrangement. Confirmation can be given if specifically requested.
Various business obligations require the provision of bank guarantees. Guarantees are given by the Bank on behalf of its customers regarding specific obligationsof the customer to the other party.
Types of bank guarantees:
- Tender bond (bid bond)
- Performance bond
- Advance payment guarantee.