The world of global trade has been growing ever before; as more and more countries are doing import and export to fulfill their needs and demands. However, when it comes to trading; there is no question about it: Doing import and export requires ample cash flow and trade finance support. So, to help traders with the required support; banks and private trade finance providers provide different types of Financial Instruments – DLC MT700, SBLC MT760, and Bank Guarantees.
There are different types of financial instruments, the banks used to provide on behalf of their clients. Further, these instruments act as a guarantee for the clients to conclude their business at the right time.
Usually, to avail these instruments, the clients require certain credit lines available with their bank. Also, they may have to provide a 100% cash margin to the bank for the issuance of the said instruments. However, in some cases, they may demand collateral to avail Trade Finance Services.
But, for many traders, arranging cash margin or surety seems to be tough. Because they don’t have such funds available in their bank account. On the other hand, maybe, their capital is involved with their trade.
Further, we, Bronze Wing Trading L.L.C., the Bank Instruments Providers are here to assist traders to avail such credit lines from rated banks. Also, for this, we don’t demand or request any form of cash margin; also, don’t demand any collateral from them. Above all, they have to pay only the issuance fee to avail their required instruments for their trade.
Letter of Credit is the bank instrument used in global trade. Further, this is a written undertaking issued by a bank on behalf of buyers; to assure their payment towards their seller. Also, by giving DLC MT700, the buyer assures the seller that they will get paid, once they ship the goods as per the agreed terms.
Standby LC is a payment guarantee towards the seller to assure their payment; i.e. once they comply with the contractual obligations to the buyer. On the other hand, by issuing SBLC MT760 in favor of the seller; the bank assures that the buyer will meet the payment term, without fail. Also, it ensures that in case of any default, the bank will make the payment.
Bank Guarantees are a written payment commitment issued by a bank on behalf of its client. Further, this gives assurance to the counter party; i.e. upon fulfillment of their contractual terms, they will get paid. Also, this BG MT760 also reduces payment risk and promotes bulk trade deals. As a result, more and more traders and contractors are using MT760 for their business.
Further, there are various types of BG MT760s available and they are:
Also, these MT760 are used to assure the performance i.e. either in the supply of goods or project work within the set time limit.
Are you an active buyer, seller, or contractor who requires LC, SBLC, & BG MT760 for your upcoming trade deals? Then you can contact us! We, Bronze Wing Trading L.L.C., the genuine & trusted Trade Finance Providers in Dubai.
With the use of our credit lines, we can support your million dollars worth of trade deals in just 2 days by providing the Bank Instrument at ZERO Cash Margin.
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