Trade Finance


Factoring is the process of purchasing invoices from a business at a certain discount. We provide financing service to small and medium-sized companies who need cash. It is a low value short term financing forms. It involves the purchase of invoices. After shipping your goods or services, the factor purchases the invoices, and advances cash to you company, it provide liquid assets to small business. In fact banks have strict criteria when lending money so it is difficult for these companies to obtain loans.

Buyer’s Credit

As an importer, you can avail of Buyers Credit facility at very competitive rates. You can make the import payment to your overseas supplier by availing the buyer’s credit and can repay the lender at a later date. The funding is arranged from our overseas network branches and you can avail of this product in major currencies.


Forfeiting is the purchase of a series of credit instruments such as drafts, bills of exchange, other freely negotiable instruments on a nonrecourse basis. Nonrecourse means that if the importer does not pay, the forfeiter cannot recover payment from the exporter.
The exporter gets immediate cash on presentation of relevant documents and the importer is liable for the cost of the contract and receives credit for “x” years and at certain per cent interest.
The forfeiter deducts interest at an agreed rate for credit period. The debt instruments are drawn by the exporter, accepted by the importer, and will bear an avail or unconditional guarantee, issue by the importer’s bank. The forfeiter takes over responsibility for claiming the debt from the importer. The forfeiter holds the notes until maturity, or sells them to another investor. The holder of the notes presents each note to the bank at which they are payable, as that fall due.