Purpose: Secure international and domestic trade payments
Features:
Target Users: Importers/exporters and businesses purchasing large consignments
Purpose: Provide assurance to suppliers, service providers, and project owners
Types of Guarantees:
Benefit: Builds trust in contractual obligations and opens access to bigger deals
Purpose: Fund payment of goods before resale
Features:
Benefit: Eases cash flow constraints for importers
Purpose: Provide working capital before goods are shipped or advance payment after shipment
Features:
Benefit: Smooths business cycles and enhances export competitiveness
Purpose: Access funds by discounting future receivables
Features:
Target Users: Businesses supplying to corporate clients, government, or institutions
Purpose: Facilitates payment collection via banks without involving credit
Types:
Benefit: Safer than open account trading; cost-effective compared to LCs