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The international market offers your organisation a wealth of opportunities. Global trade however is not without intricacy, and the ability to navigate the uncertainty associated with ever-changing international market dynamics ensures the seamless flow of goods and services, while mitigating risk and optimising cash flow.
Our Trade Finance Solutions team has a profound understanding of the global trade ecosystem and offers comprehensive advisory services, extending beyond transactional support. To ensure risk mitigation and protect your interests, we provide innovative trade finance products and solutions based on experience and real-time regulatory insights. Our digitised, streamlined trade finance processes deliver seamless system integration and reduce manual processes, leading to efficiencies and quick turnaround times.
We offer a full range of export financing solutions
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Frequently asked questions
What type of trade financing does RMB offer?
We offer a comprehensive suite of innovative, insight-lead Trade Finance solutions that give you everything you need for seamless and successful international commerce. From trade financing and risk management to advice and compliance services, we assist you by offering a digitised, streamlined trade finance process with seamless system integration that results in efficiency and quick turnaround times.
We offer three solution sets to ensure that you're able to navigate the ever-evolving complexities of international trade with confidence.
Our Letters of Credit solutions give you a reliable mechanism to ensure payments, reassuring buyers and sellers that streamlined payment will occur once all the conditions are met.
As your business grows and you take on larger contracts or projects it becomes important that you can reassure your partners of your financial capabilities and your commitment. Our Bank Guarantees solutions assist you in doing this.
On the other hand, if you need to take a more balanced approach between assuring trust and rigorous payment securities, especially when you are trading with partners you know, but are looking for an added layer of protection, our Foreign Bills of Collection solutions offer a compromise between the openness of regular trade and the strictness of Letters of Credit.
We also offer additional products and services that are designed to suit your specific needs and assist in the growth of your global trade operations.
How long does the Foreign Bills of Collection process take from start to finish?
The process is reliant on several factors including the financial institutions involved, the complexity of the transaction, and countries where the buyer and seller are located. This means it can vary widely.
To get a more precise timeline on your specific transaction, speak to your RMB team.
Are there specific documents required for a Foreign Bills of Collection transaction?
Yes, there are documents needed. Below is a comprehensive list of the documents you might need. Remember though, the documents needed will differ depending on the nature of your transaction, your trade agreement, and the countries involved.
- Commercial invoice – gives details about the products or services that are being traded.
- Bill of Lading or Airway Bill – serves as proof that the goods have been shipped.
- Certificate of Origin – confirms the country of origin of goods.
- Insurance Certificate - proof that your goods are insured while in transit.
- Packing list – is a document that outlines the contents of your shipment.
For specific documents needed for your transaction speak to your RMB Team.
What costs are associated with opening a Letter of Credit, and who pays the fees?
There are a number of fees associated with the opening of a Letter of Credit. The specific costs and who is responsible for them can be negotiated by the buyer and seller as part of your trade agreement and the terms will be outlined in the Letter of Credit itself or in your sales agreement.
How long does it take to get a Bank Guarantee issued?
Depending on the complexity of the guarantee and the due diligence required, a Bank Guarantee can take anything from a few days to several weeks.