iib provides a range of Trade Finance solutions to support your business needs, reducing risk, improving cash flow, and facilitating smoother transactions.
Letters of Credit (LCs)
LCs provide a financial solution to facilitate and secure the trade cycle through iib’s Trade Finance services. We offer various LCs including Irrevocable LC, Stand-by LC and Unconfirmed or Confirmed LC.
Features:
Type: Import finance used as an LC limit with short term facility accommodation
Amount: Dependent on the invoice presented
Purpose: As per your business line
Tenor: Maximum 12 months
Repayment terms: Number of days sight or Number of days BL / AWB date
Pricing: Please contact your Relationship Manager for custom pricing
Bank Guarantee
As an instrument issued by iib, we undertake to pay, on behalf of the customer, a pre-determined amount to the beneficiary amount. We offer various types of guarantees including:
Manage your excess liquidity with our flexible product offering. Our tailor-made solutions can cater to your specific needs, so you always stay ahead of the game.