| Business Services >> Transaction Banking >>Trade Services |
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Key Services Ancillary Services
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• Export Services
• Schedule of charges for Trade Services
• Import Services
• Export Document Tracking
• Inland Trade Services • Advisory Services
• Bill Collections • Exchange Rates
• Remittances • Arrange for Export Credit Insurance
• Useful International Links
• Forms
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Export Services
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Pre-shipment Finance
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To provide liquidity and meet the working capital needs of our clients
we offer pre-shipment finance by way of packing credit.
Packing Credit is available in both Rupee and Foreign Currency
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Post Shipment Finance
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Post-shipment finance is a working capital credit facility offered for
the period of shipment of goods till the realisation of the export
proceeds.
We offer our clients the following services:
• Export bills purchased/discounted.
• Export bills negotiated (against letter of credit).
• Advances against bills sent on collection basis.
• Advances against exports on consignment basis.
• Advances against undrawn balances.
• Advances against Duty Drawback.
Post Shipment Finance is available in both Rupee and Foreign
Currency.
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Forfeiting
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Forfeiting is a mode of financing by way of non-recourse discounting
of export receivables. The advantage Forfaiting offers:
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• Remove most risks involved in selling.
• Offer credit terms to their customers.
• Improve their cash flow.
• Simplicity in documentation.
This allows exporters to focus on doing what they do best -
developing and marketing their products.
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Export LC Advising
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Exporters can insist that their export Letters of Credit are advised
through ICICI Bank to ensure timely delivery.
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Export Letter of Credit Confirmation
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Benefit from the credit strength of ICICI Bank for confirmation of export Letters of Credit received from other foreign banks. With ICICI Bank's confirmation services, you can eliminate the foreign bank and country risks from your export collections. Once we add our confirmation to the Letter of Credit, you are assured of payment, subject to non-discrepant documents, irrespective of non-payment by LC opening bank.
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Import Services
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Letter of Credit
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ICICI Bank offers non fund based services for Import Finance
through Letter of Credit. Our strong trade finance
team is backed with a network of over 950 foreign banks
correspondent banking relationships. We also maintain Nostro
accounts in 19 currencies.
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Guarantees
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To help you grow with freedom and ease, ICICI Bank stands as a
guarantor for your financial as well as performance obligation of a
client for a fee.
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Factoring
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Businesses benefit from the acceleration of cash flow by obtaining
cash from the factor equal to the face value of the sold accounts
receivable, less a factor's fee. The product is structured is to
assume risk on the buyer rather than the exporter. This relieves you
of credit control, sales ledger administration and debt collection
module.
Our Fund Based Services include:
• Working capital finance in the form of cash credit facility.
• Term loan.
• Suppliers Credit.
• Buyers Credit.
• Improve their cash flow.
• External Commercial Borrowings.
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Inland Trade Services
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Inland Letter of Credit Issuance
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We issue Inland Letter of Credit on your behalf that gives you the advantage with your suppliers. Our experts advise you in drafting the Letter of Credit terms and conditions so as to protect your interests.
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Inland Bill Discounting
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We issue Inland Letter of Credit on your behalf that gives you the advantage with your suppliers. Our experts advise you in drafting the Letter of Credit terms and conditions so as to protect your interests.
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Inland Bank Guarantee Issuance
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In an increasingly challenging business environment, a bank guarantee is an effective way of securing performance and payment. We provide first-class bank guarantee services and in this way also assure your clients of your strong commitment
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Bill Collections
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We also undertake bill collections for both inland and foreign bills for our clients.
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Collection of Import Bills
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Handling, Processing & Remittance in respect of Import Bills on collection basis received from a Foreign Bank / Overseas Buyer.
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Collection of Export Bills
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Handling, Processing & collection of Export bills sent abroad on
collection basis though our foreign branches or correspondence
banks.
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Collection of Inland Bills
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With our wide network of Inland branches and correspondent
banking relationships, we help you in faster and efficient collections
of your trade and service bills.
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Remittances
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Inward Remittances
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Wherever your trading partner is from across the globe, we can arrange to receive and credit the remittances received to your account. Through our worldwide correspondent banking relationships across the world, we assure you the most efficient and fastest mechanism for crediting the proceeds to your account.
Please go through the list of Nostro accounts maintained by ICICI Bank in various currencies and advise your trading partner to route the remittances through these accounts. To know more about the Swift Codes. Click Here .
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Outward Remittances
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We ease the forex payment process for our clients by providing them the following remittance services
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• Processing & Remittances in respect of Import Bills directly
received by the Importers in India.
• Processing & Remittances towards advance payment in respect
of imports.
• Other Outward Remittances like Dividend payouts, ECB
payments etc.
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Export Document Tracking
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We realise the criticality of time in your trade transaction process. You can now track the status of shipment of your export documents online.
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Advisory Services
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We believe in delivering value. ICICI Bank clients can avail our advisory services on forex markets, currency movements, regulatory issues, risk management and other issues in trade finance Click here for research reports.
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Exchange Rates
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Track
the latest movements in currency to plan your business.
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Arrange for Export Credit Insurance
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Export credit insurance is an important aspect of international trade.
Know more about the services of India’s leading export credit agencies ICICI Lombard and
ECGC
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