To perform your tender obligations, you may have to procure the goods and services you have undertaken to supply under the tender. In this process you may require our assistance to structure the most safer and suitable payment terms for the goods you have ordered to meet the requirements of your tender.

Apart from the requirement of tenders, you as a businessman may be contemplating on importing items for your business concern.

For whatever the reasons that you may import goods, you expect your bank to advise you on how to structure the agreed payment terms in your sales contract with minimum risks to you or your company. Under the sales contract, you may have agreed to settle payments against a Letter of Credit, which of course is the safest way of settling payments due on trade transactions. The real benefit of a Letter of Credit can only be achieved if it reflects the terms with regard to payment as envisaged in the sales contract and the banks that have been entrusted to handle such transactions are competent to structure the terms as desired by the customer. We have the right people with proven record of accomplishment to handle Letters of Credit to the best of your satisfaction. We are also able to provide our customers the convenience of forwarding their Letters of Credit applications via UB Online , which is an Internet, based, but password controlled facility that allows our customers to have the access to the copy of Letters of Credit immediately after its establishment, on their computer

It is equally important that your export documents drawn under Letters of Credit are examined to ascertain that they comply with the terms of the Letters of Credit and they conform to the International Standard Banking Practices (ISBP) embodied in the articles of Uniform Customs and Practices (UCP) Publication No. 600 of International Chamber of Commerce Paris.  Examination of documents is a professional job and if not done properly, losses that you have to incur may be heavy and at times you may not be paid at all by your buyer under adverse market conditions taking the benefit of a minute technical error. For these reasons, it is important that professionals who are fully conversant with UCP and ISBP should handle your documents.

Our Trade Services Department would be pleased to handle your export documents and to advise you on matters relating to documents so that you may prepare the documents meeting the requirements of letters of credit to obtain the maximum benefit of the transaction.

We handle a large number of collection bills both on Documents against Payment (D/P) and Documents against Acceptance (D/A) in respect of Exports and Imports. Both inward (Imports) and outward (Exports) collections are handled as per Uniform Rules for Collection (URC) ICC publication 522. The collections entrusted to us are handled by us with utmost care with a view to ensuring that the collection bills received by us are delivered on time to the drawees concerned and payments are made as per instructions stipulated in the collection orders without any undue delay. We handle all inter-bank correspondence via SWIFT ensuring quick transmission of messages with maximum confidentiality.

We entrust all our outward collections to our most valued correspondents who are also experts in the field of trade finance to ensure that such collections are also handled with equal care and attention.

We do discount collection bills drawn on foreign buyers at very competitive rates to our customers who enjoy such facility with us.

We have dedicated Relationship Managers who will be very happy to assist both Importers and Exporters to structure trade facilities according to their requirements ensuring a smooth cash flow to continue the business without any difficulty. We therefore strongly suggest that interested parties get in touch with us to discuss their requirements.