CUB’s Import Oriented Credit and Allied Services to MSMEs
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

Last Updated on: 12-07-2022 11:30:50 PM

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