PRESENTATION OVERVIEW CONTENTS INTRODUCTION IMPORTANCE OF - - PowerPoint PPT Presentation
PRESENTATION OVERVIEW CONTENTS INTRODUCTION IMPORTANCE OF TRADE FINANCE ABOUT US OFFICE LOCATIONS NETWORK OF AGENTS OPERATING IN THE FOLLOWING COUNTRIES WHO IS AN IDEAL CLIENT FOR US OUR COMPETITIVE
As Trade Finance and Investment Finance Specialists we are committed to service excellence and innovation. Our primary objective is to expand our service offering across the globe! WE SPECIALISE IN: 1) Trade Finance 2) Investment Finance
IMPORTANCE OF TRADE FINANCE
volatile markets and, more importantly, an immediately accessible source of working capital where other sources are constrained
give credit lines to SME’s companies that import or export
TRADE FINANCE
While a seller (the exporter) can require the purchaser (an importer) to prepay for goods shipped, the purchaser (importer) may wish to reduce risk by requiring the seller to document the goods that have been shipped. Banks and Financial Intermediaries may assist by providing various forms of support. For example: the importer's bank may provide a letter of credit to the exporter (or the exporter's bank) providing for payment upon presentation of certain documents, such as a bill of lading. The exporter's bank may make a loan (by advancing funds) to the exporter on the basis of the export contract.
COMPANIES THAT FALL INTO OUR BUSINESS GROUP INCLUDE:
www.cibcag.com
NETWORK OF AGENTS OPERATING IN THE FOLLOWING 30 COUNTRIES
ORGANISATIONS REQUIRING CREDIT LINES (IMPORTERS AND EXPORTERS)
Examples of types of transactions this year so far include:
USD 300 000
million
million
As there are huge volumes of imports and exports flowing from most regions of Asia, as well as Africa – our primary focus are these regions. We have very established credit lines through banks in China; India, Turkey, South Korea, Hong Kong, Taiwan and Malaysia who can efficiently assist with companies requiring any kind of products from these regions.
allowing your business to maintain its liquidity: only against promissory notes and personal guarantees and trade credit insurance
negotiate better terms with suppliers
WHY WORK WITH US INSTEAD OF A BANK?
CRISIS – WE ARE!
instrument
within 1 to 3 working days upon receiving payment
client details and confirms the fees charged as well as terms and conditions
us – we offer an Escrow service for commission payment to secure both parties. Please note the escrow agent is appointed by our
hours
We have the following services on offer A. FINANCIAL INSTRUMENTS B. SWIFT SERVICES
We offer a number of bespoke financial instruments including:
Telecommunication (www.swift.com), a member-owned cooperative.
countries and territories, who were exchanging an average of over 15 million messages per day allowing businesses to conduct their
the transmission of secure financial messages across the globe.
ROUTING OF MESSAGES & RMA’s
service provided by SWIFT to manage the business relationships between financial institutions
permitted to be exchanged between users of a SWIFT service
The General STAGES of a transaction are as follows: STAGE 1 Client to provide full details of transaction We prepare for the client the Draft of the Financial Instrument Approval of Draft by client Client receives Client Service Agreement + invoice Client pays fees Client returns signed contract and signed draft of approved financial instrument Collaterals may be requested on release of shipping docs if required
STAGE 1 STAGE 2 STAGE 3 STAGE 4 STAGE 5
We require the following standardised information in order to assist our clients with regards to drafting of the instrument and quotation of a fee: 1. Applicant details ( Full information on who is applying for the instrument) 2. Name of beneficiary company / individual 3. Name of beneficiary bank + swift code 4. Pro-forma invoice (if applicable) 5. Duration of the instrument (90 days, 180 days, 1 year etc) 6. Amount of the instrument and in which currency
STAGE 1
We prepare for the client the Draft of the Financial Instrument Approval of Draft by client Client receives Client Service Agreement + invoice Client pays fees Client returns signed contract and signed draft of approved financial instrument Client may be requested to provide Guarantee documents such as Personal guarantee, Promissory notes and Indemnity
STAGE 2 STAGE 3 STAGE 4 STAGE 5
GUARANTEE DOCUMENTS
In addition to the Client Service Agreement which we require the client to sign – we also require the client to provide: 1. Acceptance letter for shipping documents to be presented / in cases
2. Indemnity letter for Letter of Guarantee, SBLC 3. Corporate Promissory note for the amount of the instrument 4. Individual Personal guarantee for the amount of the instrument ** these documents need to be signed stamped , notarized and apostiled. They also need to be accompanied by:
SUMMARY OF STANDARD AGREEMENTS
1. Client Service Agreement 2. Escrow agreement 3. Draft of instrument 4. Invoice
Additional items to be received before/after issuing of instrument:
a) Acceptance letter ( LC for accepting of shipping documents with discrepancies) b) Indemnity letter – (Applicable for Letter of Guarantee) c) Corporate Promissory note d) Individual Personal guarantee
locations around the world.
authorized to issue financial instruments through our swift.
instruments on our behalf – the fees vary depending on the bank