Dubai Municipality Housing Building Office No MZ01, Mezzanine Floor, Deira Dubai customer.support@eximcreditllc.com
Image
  • Buyer submits requirement in terms of pro-forma invoice or buy and sell agreement of their trade deal to Exim Credit.
  • Exim Credit conducts due diligence of their commercial transaction between buyer & seller and will inform the concerned parties about the approval or rejection of their BG application.
  • Once the BG/SBLC application is approved then the buyer will provide certain documents and pay the BG issuance fee charges.
  • Exim Credit will immediately Issue/Swift as per the required SBLC/BG on behalf of buyer & in favor of their supplier to conclude their trade deal.
  • All Swift Issued/Transmited are full Recorded By SWIFT Alliance.

Bank Guarantee Information

Bank Guarantee (MT- 760) is an irrevocable commitment issued by a bank on behalf of their customer who has entered in a contract to purchase goods from a supplier and promised to meet all financial obligations to the supplier in the event of default. In other words, a Bank Guarantee is an undertaking of a bank on behalf of its customer.

A Bank Guarantee often helps firms conduct their business with parties they would never normally get the chance to deal with. Many suppliers will often choose to do business with customers that have a Bank Guarantee because it eliminates the risk that they will not receive the appropriate payment for the goods that they are selling.

Bank Guarantees are issued for a variety of purposes, such as to improve the credit ratings for issuers of industrial development revenue bonds and commercial papers; to provide back-up facilities for loans granted by third parties; to assure performance under construction and employment contracts; and to ensure the account party satisfies financial obligations payable to major suppliers.

Types of Bank Guarantee:
Performance Guarantee / Bond – PG/PB
Advance Payment Guarantee – APG
Tender Bond Guarantee – TBG
We are Wealth and Investment Banking Institution that provides Line of credit insurance to SME/IMPORTER AND EXPORTERS. We have extensive experience in international trade Finance by Issuing our Line of Credit (LC, SBLC, BG, POF, and RWA) to Enhance Traders, Cross Border Transaction, We do also Capital raise By Monetizing and Trading , Bank Instrument, Bond, as well as Assets. In Order to Conclude any Trade Deals.

Useful Links

Newsletter

Subscribe to our newsletter

Get in Touch

HQ-UNITED KINGDOM - UK
Kemp House,160 City Road,
London EC1V2NX, UK
D-U-N-S® #: 226050270
UNITED ARAB EMIRATES- UAE
INTERNATIONAL CORDINATE UNIT
Dubai Municipality Housing Building
Office No MZ01, Mezzanine Floor,
Deira Dubai-United Arab Emirates
Image
Image
Image
Image
Image
Image