Trade Finance & Receivables
Customized Trade solutions tailored to your needs
We make it our business to understand your business and recommend trade structures through our Trade Advisory Services by tailoring trade finance solutions helping you to mitigate risk, ensure payment security and maximize your working capital, whether you are an importer or exporter, can give you the confidence to enter new trading partnerships and markets.
We have obtained ISO 9001:2015 certificate for management quality to our trade finance department including Documentary Credits & Collections and Guarantees.
At Emirates NBD, we have the trade expertise, which enables us to design a structure to suit your specific trading cycle, through our Trade Finance capabilities, offering the entire range of conventional products.
Letter of Credit
Import letter of credit
Let the bank pay suppliers on your behalf, giving suppliers’ added peace of mind that they will receive payment only against their presentation of the correct documents and it gives you the comfort that the documents are evidencing the goods have been shipped as contracted and that the documents will be presented before your supplier is being paid or promised to be paid.
We offer the issuance of all Types of LCs (Local, International, revolving, standby)
Export letter of credit
Emirates NBD’s Trade Finance Operations team offer superior service with a quick turnaround time for advising new received issuance LC and amendments. We also, offer you, Transferable of LCs, Assignment of proceeds handled by experienced Tarde finance operation and the issuance of Export certificates according to the central bank of Egypt instructions
Export LC Confirmation
By adding our confirmation to the Letter of Credit , it allow you to trade with confidence by providing certainty that you’ll be paid for goods you export and you will have protection against payment default by the buyer’s bank. In addition to being a secure and fast way to receive payment, confirming the export letters of credit enable you to manage your cash flow more effectively by giving you a known payment date, currency and amount.
Import Documentary Collections & Avalization
Reduce risk of paying for goods before receiving documents as you protect your interests by confirming that goods have shipped before making a payment. By adding our Avalisation:
If you offer to accept a bill of exchange payable at future date and request us as your bankers to avalize (guarantee) the bill at maturity accordingly this will improve the credit terms and you will be able to obtain credit terms from your suppliers and enhance the trading relationships.
We offer you a the fastest settlements and tracking for your payment, issuance of form 4 and handling all your import documents
Export Documentary Collections
Using banks as intermediaries, it’s a simple and safe way to receive payments – with the added convenience of our bank tracing payment and acceptance.
Trade collections solutions provides reassurance when dealing with new trading partners and can enhance your credit profile with your suppliers.
Our Trade Collections service offer you a straightforward, globally recognized method of settling payments for your exports Subject to International Chamber of Commerce rules, providing you with the reassurance of a worldwide standard wherever you trade.
We also, offer you, the issuance of Export certificates according to the central bank of Egypt instructions
Discounting of avalized Documentary collections
( Export & Import documents )
We offer purchase of the avalized bill of exchange at a discount. As an exporter this will significantly reduce non-payment risks and country risk and early access to fund. As an importer this provides advantages to you and your supplier, your supplier gains early access to fund at interest rate that may be lower than those available in their local market , you gain time to sell the goods and generate the cash you need at maturity of the bill.
Documentary Credit (LC) Discounting ( Export & Import LCs )
You can use LC Discounting if you sell or buy on credit terms using letters of credit as a means of settlement. For you as an exporter:
LC discounting allows you to receive funds as soon as there is a binding commitment from your buyer’s bank that payment is due on a specific future date. As an exporter this enables you to receive payment sooner, you don’t have to wait for your buyer to pay you and gives you the ability to offer your trading partner longer payment terms and improve your business relationship. For you as an importer:
LC discounting allows you to control your cash flow as we will pay the funds as soon as it become our binding commitment that payment is due on a specific future date. As an importer it helps you to improve cash flow by accelerating the payment to your suppliers that put you in a stronger negotiating position and can help place you in a position to negotiate better pricing that allows you to pay your suppliers early.
Speed up receipt of imported goods by providing freight carriers with a shipping guarantee.
Our range of bonds, bank guarantees provide your customers with a clear financial commitment to supply goods or services as agreed by contract
Our Trade service solutions can help open up more opportunities for your business through our extensive international network of branches and partner banks
We offer you the issuance of all types of guarantees including ( bid bond – Payment – financial – standby – advance payment – receiving of international inward guarantee “ counter guarantees “ – issuance of cross boarder guarantees).
Trade finance email and SMS auto notification service
Enjoy reduced paperwork
You will receive a copy of your trade advices and swifts via email and SMS automatically once the transaction is processed on our core trade banking application.
The service is free of charge.
To subscribe to the new service, please fill in and sign the request from our application forms center.