Export Solution

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Pre-shipment finance/Post-shipment finance

Pre-shipment/post-shipment export finance is the facility extended to exporters for their purchase, manufacturing, processing, and packaging needs. It is available in Indian Rupee (Export Packing Credit – EPC) and foreign currencies (Packing Credit in Foreign Currency – PCFC)

Products:
Pre-shipment Finance:
• Packing Credit in rupee (EPC)
• Packing Credit in Foreign Currency (PCFC)

Post-Shipment Finance:
• Export Bill Negotiation
• Export Bill Discounting/Purchase
• Advance against Export Bills on Collection

Letter of credit confirmation/advising

Letter of Credit Confirmation/Advising is an export service provided by IDFC FIRST Bank, where we confirm the authenticity of LC received through our wide international network of partner banks. This allows exporters to reduce the importer’s country risks as well as the issuing bank’s commercial credit risk.

Our Services:

  • 24x7 repository of advised LC copy through IDFC FIRST Bank's BXP - Online Trade Portal
  • Benefit from our well-entrenched correspondent bank tie-ups
  • Quick and cost-effective confirmation of arrangements
  • Dedicated client service desk to serve you better

Export Documentary Collection

Direct your documents collection activities through IDFC FIRST Bank and get rid of all realisation hassles. Our well-spread correspondent network supports your transactions across geographies.

Our Services:

  • Experience faster receivable turnaround
  • Handle collections in multiple currencies
  • Experienced enhanced control over export finance receivables
  • Enables booking FX rates/forwarding contracts seamlessly through IDFC FIRST Bank's BXP - Online Trade Portal
  • Dedicated Trade client service desk

Gold Card Scheme for Exporters

IDFC FIRST Bank Exporters Gold Card Scheme provides easy access to export finance on better terms to creditworthy exporters who have a good track record (subject to their fulfilling specified credit eligibility norms, in line with the RBI regulations on export credit).

Benefits:

  • In-principal limits sanctioned for 3 years
  • Standby limit up to 20% may be available at the request of borrower
  • Applications will be processed as - Fresh applications: 25 days, Renewal of limits: 15 days and Sanction of ad hoc limits: 7 days

Export Receivables and EDPMS Submission

IDFC FIRST Bank offers a seamless process to release your export bills by providing your disposal instruction and knocking off shipping bill in EDPMS at one go. Our new age technology platform enables you to seamlessly provide the details all at once. Our dedicated service desk keeps you updated on your outstanding.

Our Services:

  • Email alerts to update on outstanding
  • After-settlement advice through email
  • Single form enables all the instructions to bank at one go
  • IDFC FIRST Bank's BXP – Online Trade Portal provides the latest regulatory outstanding for your perusal
  • Paperless platform to lodge export bills with the Shipping Bills and settle inward remittance on the same page
  • Provide inward disposal instructions for your export finance receivables online
Pre-shipment finance/Post-shipment finance

Pre-shipment/post-shipment export finance is the facility extended to exporters for their purchase, manufacturing, processing, and packaging needs. It is available in Indian Rupee (Export Packing Credit – EPC) and foreign currencies (Packing Credit in Foreign Currency – PCFC)

Products:
Pre-shipment Finance:
• Packing Credit in rupee (EPC)
• Packing Credit in Foreign Currency (PCFC)

Post-Shipment Finance:
• Export Bill Negotiation
• Export Bill Discounting/Purchase
• Advance against Export Bills on Collection

Letter of credit confirmation/advising

Letter of Credit Confirmation/Advising is an export service provided by IDFC FIRST Bank, where we confirm the authenticity of LC received through our wide international network of partner banks. This allows exporters to reduce the importer’s country risks as well as the issuing bank’s commercial credit risk.

Our Services:

  • 24x7 repository of advised LC copy through IDFC FIRST Bank's BXP - Online Trade Portal
  • Benefit from our well-entrenched correspondent bank tie-ups
  • Quick and cost-effective confirmation of arrangements
  • Dedicated client service desk to serve you better
Export Documentary Collection

Direct your documents collection activities through IDFC FIRST Bank and get rid of all realisation hassles. Our well-spread correspondent network supports your transactions across geographies.

Our Services:

  • Experience faster receivable turnaround
  • Handle collections in multiple currencies
  • Experienced enhanced control over export finance receivables
  • Enables booking FX rates/forwarding contracts seamlessly through IDFC FIRST Bank's BXP - Online Trade Portal
  • Dedicated Trade client service desk
Gold Card Scheme for Exporters

IDFC FIRST Bank Exporters Gold Card Scheme provides easy access to export finance on better terms to creditworthy exporters who have a good track record (subject to their fulfilling specified credit eligibility norms, in line with the RBI regulations on export credit).

Benefits:

  • In-principal limits sanctioned for 3 years
  • Standby limit up to 20% may be available at the request of borrower
  • Applications will be processed as - Fresh applications: 25 days, Renewal of limits: 15 days and Sanction of ad hoc limits: 7 days
Export Receivables and EDPMS Submission

IDFC FIRST Bank offers a seamless process to release your export bills by providing your disposal instruction and knocking off shipping bill in EDPMS at one go. Our new age technology platform enables you to seamlessly provide the details all at once. Our dedicated service desk keeps you updated on your outstanding.

Our Services:

  • Email alerts to update on outstanding
  • After-settlement advice through email
  • Single form enables all the instructions to bank at one go
  • IDFC FIRST Bank's BXP – Online Trade Portal provides the latest regulatory outstanding for your perusal
  • Paperless platform to lodge export bills with the Shipping Bills and settle inward remittance on the same page
  • Provide inward disposal instructions for your export finance receivables online

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