impo-trade

Foreign Trade Finance

In order to facilitate Foreign Exchange (FX), Foreign Trade and other Foreign Currency (FCY) Business and Transactions for our customers, The Premier Bank Limited maintains Correspondent Banking Relationship with number of banks at home and abroad. Standard Settlement Instructions (SSI) including Drawing and Telegraphic Transfer (TT) arrangements have been established in all major currencies.
The Bank is highly respected in the world of international finance and cross border transactions. Through our expertise and experience, we regularly structure and customize solutions suited to specific business requirements.

Export

The Premier Bank Limited offers a wide range of export services. Routing all export related transactions through the Bank could eliminate many of exporting hassles.

Features and Benefits

Export LC Advising:

We promptly advise export letter of credit from a wide international network. Provide confirmation (if LC issuing Bank is not well known) to the exporter

Pre-Shipment Credit

Export Packing Credit:

We provide pre-shipment finance in the form of Packing Credit (PC) to assist cash flows for manufacturing or packing goods for export from Bangladesh. Export finance requirements are carefully taken by the Bank and allow our exporters timely credit facility and to enjoy competitive interest rates.

Export LC Advising:

We promptly advise export letter of credit from a wide international network.
Provide confirmation (if LC issuing Bank is not well known) to the exporter.

Pre-Shipment Credit

Export Packing Credit:

We provide pre-shipment finance in the form of Packing Credit (PC) to assist cash flows for manufacturing or packing goods for export from Bangladesh. Export finance requirements are carefully taken by the Bank and allow our exporters timely credit facility and to enjoy competitive interest rates.

Back to Back L/C facility:

Back to Back L/C facilities are provided against Export LC.
Post-Shipment Finance

Export Bill Negotiation:

We negotiate export bills drawn under LC, if the documents are found to be in order as per terms and conditions of LC. The bank facilitates its customers with Foreign Documentary Bill Purchase (FDBP) and Foreign Documentary Bill for Collection (FDBC) for export bill negotiation. All these facilities are offered at competitive rates and world class service standards.

Retention quota facility for the exporter.

Provide complete documentation, lower cost, faster processing.

Export LC transfer facility (full or partial) is available with competitive fees.

Export Credit Guarantee facility is also available.

Finance against cash incentive

Export Development Fund (EDF) Loan is also processed in a timely and efficient manner for our customers.
Import

The Premier Bank Limited offers a wide range of import services. Routing all import related transactions through the Bank could eliminate many of importing hassles.

Features and Benefits
The bank offers comprehensive range of import services.

Import Letters of Credit:

We issue Import Letters of Credit on behalf of our customers. Our experts regularly advise our import customers in the light of Import Policy, Guidelines for Foreign Exchange Transactions and UCPDC-600 to protect customers’ interests.
Import Collection Bill Services:

Documentary Collections are a common and flexible method of payment for goods purchased from suppliers in abroad. Importers may rely on our expertise in efficient and prompt handling of import collection documents.
Trust Receipt Facility:

We provide credit against Letter of Trust Receipt (LTR) for retirement of import bills.

Short & Medium Term Loan Facility:

Short & medium term loans are also provided to our import customers for installation of imported machineries & production thereof.

Shipping Guarantee & Bank Guarantee are also available.

Foreign Bank Guarantee Business

A number of Foreign Companies are interested in participating in the construction/development of various projects in Bangladesh and are submitting their bids for which Bid Bond/ Performances Guarantee/Advance Payment Guarantees are required by the Government Agencies. We advise/confirm/re-issue Bid Bond, Performances Guarantee, Advance Payment Guarantees, etc. to various beneficiaries in Bangladesh against Counter Bank Guarantee from correspondents.

At request of Local Applicant, Bank issues Foreign Bank Guarantee to the beneficiary abroad through correspondents of respective countries to fulfill the obligations of contract entered for the business.

Off-shore Banking Operations
The Premier Bank Limited caters the banking needs of the non-resident customers to increase foreign trade business at EPZs. Off-shore Banking Unit (OBU) may finance the customers at Export Processing Zones under category ‘A’ in foreign currency. OBU also discounts bills accepted by Authorized Dealer (AD) Branches in Bangladesh against UPAS (Usance Payable At Sight) L/Cs opened by the Ads. Moreover, OBU is free to accept deposit from or to borrow from persons/institutions not resident in Bangladesh including Bangladeshi nationals working abroad.

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