COVID-19 pandemic has affected both local and global trade dealings. Even, the world trade bounced back to normal in the year 2021, the SMEs still face financial hurdles to do their imports & exports. This is mainly due to the lack of cash funds or lack of access to Trade Finance Instruments.
Are you in need of Bank Instruments to carry out your trade deal? But are you facing a lack of cash funds to meet the 100% margin demand of your bank? No worries! Now you can avail LC, SBLC, and BG from good repute banks at ZERO Cash Margin in 2 days. Let us explain – What are Trade Finance Instruments, the importance of Trade Finances & How to Apply for Bank Instruments from us.
What are Trade Finance Instruments?
Trade Finances is vital to carry out global trade. In case, if two parties are involved in cross-border trade dealings, the seller requires payment for goods or services prior to shipment and the buyer requires the shipment of goods or services on time before proceeding with the payment. So, to bridge this gap and to reduce the payment & shipment risk involved, Bank Instruments are being used.
The term Trade Finance covers a wide range of financial tools which includes Letter of Credit, Standby LC & Bank Guarantees. Using financial tools makes things easier and possible for traders. Moreover, as it reduces the risks involved in trading; also, helps traders to conclude multiple deals at a time.
Importance of Using Bank Instruments
SMEs are the backbone of the global economy. More than 95% of the world’s economy revolves around SMEs. But, shortage of cash funds or lack of access to trade finance will hurt SMEs the most. Also, it will have a negative effect on the global trade market. Understanding the challenges faced by SMEs, we support traders globally by giving easy access to avail Trade Finance Support from our bank facilities.
If you have a purchase order and if you require Financial Instruments to conclude your trade deals, then you can always rely on us. Being a Trade Finance Provider in Dubai, we will extend our own credit lines on behalf of your company and will do our best to conclude your trade deals on time.
How to Avail Trade Finance Instruments from Us?
Applying for Trade Finance from us is relatively easy and simple. You don’t need a certain level of credit score or margin money etc. to avail your Bank Instrument from us. What we do is – We will apply for the LC, SBLC, or BG from our bank account on behalf of your company and our bank will issue it in favor of your seller in 2 banking days. Unlike banks, you don’t have to provide any cash margin or tangible collateral. Also, our service charges are very less compared to others.
Don’t wait too long! Apply for Trade Finance Instruments from us & make your deal concluded within the next 2 days!
Trade Finance Instruments available at ZERO Cash Margin