Import Trade Finance
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Our large network of branches and experienced staff ensure that your import documents are processed and settled without any delay. Our Product range include: | ||||||||||||||||||||||||||||||
Issuance of Letter of credit | ||||||||||||||||||||||||||||||
Letters of Credit are issued by us for our own clients as per credit arrangement. | ||||||||||||||||||||||||||||||
Click here to download LC application form. | ||||||||||||||||||||||||||||||
For enquiries including opening of Customer Account and arranging to LC Issue Facility do call our Trade Credit Officials on 00852-2523-5213, 2523-0016, 2523-3168 or email : vptrade.hk@statebank.com , trade.hk@statebank.com | ||||||||||||||||||||||||||||||
Import Document Collection | ||||||||||||||||||||||||||||||
We handle documents drawn on our customers sent on collection basis at attractive prices and in extremely efficient manner. For enquiries do call our Trade Credit Officials on 00852-2523-0016, 2523-3168. |
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Buyers Credit | ||||||||||||||||||||||||||||||
Short Term Finance up to 360 days from shipment date provided to Indian importers in US$ or in other major currencies at very competitive LIBOR linked rates, under Letter of Undertaking (LOU) of branches of SBI and other major Indian Banks. | ||||||||||||||||||||||||||||||
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Quotes may be obtained from us by Fax (00852-2868-1966) or email : vptrade.hk@statebank.com or SWIFT:(SBINHKHH) For enquiries do call our Trade Credit Officials on 00852-2523-5213, 2523-0016, 2523-3168 or vptrade.hk@statebank.com , trade.hk@statebank.com |
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Finance for capital goods imports to Indian Corporates | ||||||||||||||||||||||||||||||
We also offer longer term Buyers Credit for import of Capital Goods as per RBI directives usually up to three years as per the terms of the underlying Letter of Credit. Pricing is attractive and depends on the tenor of the loan and the currency in which the loan is sought. | ||||||||||||||||||||||||||||||
LOU and Acknowledgement of Debt are same as that used for normal Buyers Credit up to one year and formats can be downloaded from our website: | ||||||||||||||||||||||||||||||
Annexure I – Letter of undertaking to be issued by Applicant Bank. Annexure II – Acknowledgement of Debt for SBI Branches. Annexure III – Acknowledgement of Debt for Other Banks. |
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Service Charges for Trade Finance – Imports | ||||||||||||||||||||||||||||||
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For enquiries do call our Trade Credit Officials on 00852-2523-5213, 2523-0016, 2523-3168. email : vptrade.hk@statebank.com |