Are you running an import and export business? Wish to spread up your wings overseas? Do you require financial support to facilitate your business? Once you start to source overseas traders and explore new markets, the impact on cash flow cannot be predicted or even estimated. When it comes to expanding your business, you want a type of financial method that will help your small business to boost up sales and growth. This is how trade finances comes into place! What is Trade Finance Services? It doesn’t matter whether you’re running small, medium, or large scale business; you often need a lending hand to take a big step in this emerging market. As the name signifies, “Trade Finances” means financing for your trade or business. It covers a wide range of instruments including – Letter of Credit, Standby LC, Bank Comfort Letter and different types of Bank Guarantees that assist importers, exporters, contractors, and manufacturers to conclude their trade dealings and contracts. How to Avail Financial Instruments? When it comes to availing financial instruments, there are two methods. First is contacting your bank and availing it from your account as per your bank facilities. And the second is getting help from Bank Instruments providers. Usually, banks require a certain percent of the required financial instrument’s value as a cash margin or require some kind of collateral to issue the financial instrument on your behalf. In case, if you didn’t have such cash funds available at your bank account to deposit as cash margin or tangible collateral, then your request will be declined by the bank. Here comes the importance of choosing private Bank Instruments Providers like Import Letter of Credit for availing financial instruments on behalf of your company. Being the leading Financial Instruments Providers in Dubai, we provide trade finances on behalf of our clients to conclude their trade deals on time. Below, we have come up with the process to avail financial services from us. Steps to Avail Financial Instruments from Bronze Wing Trading
Step 1: As the first step, you need to submit your deal information by providing the SPA, ICPO, or proforma invoice of your deal. Step 2: Next, we will do a detailed analysis of your request. If you meet all their parameters, we will approve your request. Step 3: Upon approval, you need to sign the service agreement with us and need to pay the admin charges to start processing your request with the bank. Step 4: Instantly, we will start working on your request based on the provided information. Also, we will structure your transaction & send the instrument draft along with the banking details for your review and approval. Step 5: You need to review the instrument’s draft and if all details are correct, then you need to convey your approval for the draft. Also, you need to pay the issuance fee charges and provide them all the documents related to your deal. Step 6: Finally, we will issue the requested instrument from our bank account on your company’s behalf via authenticated SWIFT. The overall process will be completed within 2–3 working days. Key Benefits of Working with Us
When you search for a trade finance provider in Google; you may come across with many results. But among all, Bronze Wing Trading stands ahead by providing the best trade finance services; to the clients globally. We have 30+ years of experience in serving the clients; with their LC, SBLC & BG requirements. Also, other banks and private lenders may demand cash margin or collateral; to provide the facility on your behalf. But we understand the cash flow issues faced by trader; so, we assist traders by providing the trade finance support; without availing cash margin or collateral. Further, we are well aware that it’s the must for traders to close their deals on time. That’s why; we follow less paperwork, quick approval period and assured deal conclusion within 48hrs. These are the few factors which makes BWT, the best trade finance provider in Dubai. Have you decided to opt for trade finances to become a successful business magnate in this ever-growing world? Kick-start your business goals with our financial services! Talk with our representative today, by writing an email or call us Comments are closed.
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Office 3002, 30th Floor, Aspect Tower, |