Letter of Credit (L / C)
- Establishment of Letter of Credit through wide range of correspondent banks world over at competitive charges
- Establishment of confirmed Letter of Credit based on the requirement of overseas supplier
Bill Collection
- Importers can receive bills on collection basis from overseas banks through CUB's Competitive Exchange Rate and Charges
Outward Remittances
- Importers can remit funds to overseas supplier before receipt of goods subject to submission of required documents
- Importers can remit funds towards bills received directly from the overseas supplier subject to submission of required documents
- Competitive exchange rate and charges
Bank Guarantees
- Exporters can avail bank guarantee facility in favour of overseas buyer towards advance remittance for exports or performance under export contract
Foreign Currency Loan
- Importers can also avail foreign currency loans for import of goods (raw material / finished stocks / machinery) at competitive rate of interest
Buyer's Credit
- Importers can avail Buyer’s Credit facility for meeting payment obligation under import bills (Letter of Credit / Collection Bills)
- CUB arranges for Buyer’s Credit from overseas banks at competitive rate of interest and charges
