Trade
Finance Products The
bank has been offering a bouquet of Trade
Finance Services to meet the needs of our
Importers and Exporters. These are offered
through reputed correspondent banks
worldwide.
Import Letters of Credit
The Bank issues Letters of Credit to beneficiaries in various countries.
With an excellent network of correspondent banking relationship,
the Bank provides confirmation at competitive rates. All
Letters of Credit are advised within 24 hours. Guarantees/Standby L/Cs
BankMuscat provides all types of guarantees meeting
the client's needs both local and international.
The guarantees are processed within a very short time.
We also
handle Syndication and Risk Participation
Guarantees.
Export Letter of Credit
Exports Letters of Credit are advised to beneficiaries the same day. With the
forthcoming advanced e-banking system, the customer can get advise of
Letters of Credit online.
The Bank confirms the Letters of Credit at competitive rates.
BankMuscat provides financing to Exporters working with major exporting agencies including ECGA, ECGD, COFACE, USEXIM, etc:
- Export Financing
- Pre-Shipment - On the basis of pre shipment guarantee issued on behalf of credit insured customers by ECGA, BankMuscat finances the exporters at liberal terms as the guarantee covers the non-payment of advances granted to the exporters. This guarantee being revolving it allows exporter to avail continuous financial support in executing their export order.
- Post-shipment-Under this scheme BankMuscat discounts export bills at a preferential rate and thus reduces financing cost of exports significantly. This in turn leads to improvement
in exporter's liquidity position.
- Documentary Collections
The Bank facilitates the need of Buyers and Sellers by processing documentary documents for both Imports and exports.
BankMuscat provides advice and assistance on overseas markets and local market to both parties.
Financing
The Bank provides financing on imports. The various financing products,
on offer are:
-
Import Financing
-
Invoices Financing
-
Structured Finance
- Bills Discounting
- Re-financing Facilities
- Acceptances
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