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A reliable payment/settlement mechanism is always a reassuring factor for any business. A Letter of Credit in international trade finance is just that! An LC is a written undertaking issued by a bank on behalf of its customer, which confirms the timely payment to the beneficiary, thereby allowing the customer to negotiate on better terms. With IDFC FIRST Bank, you can enjoy a range of import solution options — from efficient management of paper-based requests for LCs to a comprehensive, fully automated online service.
Our Services:
Trade Credits play a crucial role in financing your import trade requirements. Through the Buyer’s and Supplier’s Credit facilities, IDFC FIRST Bank facilitates your working capital needs at competitive rates with a wide range of bank tie-ups.
Our Services:
An Import Bill Collection provides a cost-effective mechanism, as we at IDFC FIRST Bank manage the documents, in accordance with the collection instruction received from the remitting bank.
Our Services:
As your supplier trusts you on open account transactions, you may rely on us to make the payments to your suppliers globally; along with faster turnaround of the bill of entry regularization on IDPMS. You can provide payment instructions, book forex rate and provide BOE regularization requests all on the same page through our BXP - Online Trade Portal.
Our Services:
A reliable payment/settlement mechanism is always a reassuring factor for any business. A Letter of Credit in international trade finance is just that! An LC is a written undertaking issued by a bank on behalf of its customer, which confirms the timely payment to the beneficiary, thereby allowing the customer to negotiate on better terms. With IDFC FIRST Bank, you can enjoy a range of import solution options — from efficient management of paper-based requests for LCs to a comprehensive, fully automated online service.
Our Services:
Trade Credits play a crucial role in financing your import trade requirements. Through the Buyer’s and Supplier’s Credit facilities, IDFC FIRST Bank facilitates your working capital needs at competitive rates with a wide range of bank tie-ups.
Our Services:
An Import Bill Collection provides a cost-effective mechanism, as we at IDFC FIRST Bank manage the documents, in accordance with the collection instruction received from the remitting bank.
Our Services:
As your supplier trusts you on open account transactions, you may rely on us to make the payments to your suppliers globally; along with faster turnaround of the bill of entry regularization on IDPMS. You can provide payment instructions, book forex rate and provide BOE regularization requests all on the same page through our BXP - Online Trade Portal.
Our Services: