Are you looking for the best solution to take your business to the next level in 2021? Then, making use of Financial Instruments will be the right choice for you! A recent study by WTO states that nearly 80-90% of the world depends on finance solutions for their businesses. Also, it has been predicted that this ratio will get the increase by this year; as many banks are under recession and they were unable to help their clients with their financial needs. In this blog, we have explained the role of Bronze Wing Trading in providing the best solution in Global Trade Finance.
Importance of Global Trade Finances
As per the recent study that almost 90% of the world economy is filled by SMEs. But SMEs face a lot of challenges when it comes to obtaining the financing; they require for expanding their business overseas. Traditional banks won’t finance SMEs without enough security; or without blocking their funds. As a result, in most cases, SMEs’ working capital can be tied in a single deal; until the shipments arrive.
Here comes the importance of Financial Solutions! This represents a range of Bank Instruments used by traders to secure their deals from risks; also to conclude their deals without facing cash flow issues.
How We Can Help You With Global Trade Finances?
If an importer or exporter contacts us with their finance needs; we will do due diligence on their deal. Then, we will advise the best appropriate solution to meet their business needs.
We can help them by providing – Letter of Credit, Standby LC; or any other types of guarantees that suits their demands utmost.
Unlike banks and some of our competitors, we were not tied with any brokers; or intermediaries to issue the bank instrument for our clients. Rather, we have our own bank facilities in European Banks; which makes us the Direct Providers of Bank Instruments.
We work around the clock to conclude the deal within 48hrs. Once the client pays the service charges, we will start work on their transaction. Also, we will provide the LC draft copy for their reference. And then, after their approval of the LC draft; we will instruct our bank to issue the required facility from our Bank Account; on behalf of their company.
To be in short, Global trades wouldn’t be possible without trade finance facilities. We, Bronze Wing Trading, the Bank Instruments providers in Dubai understand the importance of global trade finance. And we support the needy traders by providing them – LC at Sight, SBLC MT760, and different types of Bank Guarantees. All our solutions help traders to reduce the trading risks involved; also enhances more cross border transactions.
Trade Finance Services Available for Importers and Exporters