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Trade Finance

Prime specialized in raising working capital finance from banks. Our Comprehensive assistance includes, identifying requirement of working capital requirement for the business, taking in to account Business Cycle & Volumes. We take in to account Volatility in Price and Volume of the product so that in future, business gets sufficient trade finance which is considered as life blood for any business. Our approach towards assignment would be to understand business model in details taking in account important business aspects such as

  • Realization and cost of the product,
  • Suppliers and Customers profile,
  • Promoters experience in dealing with particular products and past track records in honoring commitments & obligations.

We also prepare details business plan and projected financials of the business to take financing proposal to Bank / Financial Institute having appetite to take exposure in a particular product and availability of required trade finance. For large requirement of working capital finance, we approach more than one bank. We negotiate various terms and conditions with bank and after receipt of Facility letter, extends support in executing legal documents.

Our approach would be to complete each project as early as possible as we understand that any delay in getting sanction from banks would result in to loss of business opportunities.

Buyers and Suppliers Credit:

Mode of financing import and export of commodities through buyers and suppliers credit is very common in India. Here foreign branch of Indian bank or Foreign bank extends financial support to importer on the basis of letter of undertaking available from Bank in India and in turn bank in India is taking exposure on their clients by parking amount of LOU again credit lines sanction to client. Since we are constantly in touch with the banks across the globe interested in extending buyers credit, For Indian importer, Prime arranges buyers credit in foreign currency at optimal interest rate. Similarly Prime is interested in assisting companies in arranging suppliers credit. Following information is required for arranging buyers credit

  • LOU issuing bank
  • Importer’s name
  • Letter of Credit No
  • Name of Supplier
  • Commodity
  • Shipment from / To
  • Bill of Lading Number and Date
  • Amount of buyers credit required
  • Tenure
  • Start date

Import and Export Documents:

It has been experienced that there are number of Companies interested in availing Trade finance from banks in Singapore. However having full-fledged office to handle limited documents will result in to increase in cost and here we have a role to play. We are interested in taking assignment of handling Import and export documents which will not only be cost effective but client will get services from professional experts knowing Banking terminology. Promoter’s of Prime possesses necessary experience in handing import and export documents.

Prospective clients are free to obtain reference from Core Trade Financing Banks to know about our experience in arranging working capital finance and handling of import and export documentation

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