In international trade, some exporters overseas may require remitting part and/or full payment in advance from importers in our country prior to shipment. SBL assists customers involved in import business, to remit payment in advance as per central bank's regulations in foreign exchange against import of goods. We issue payments in major foreign currencies like Indian Rupees, US Dollar, Japanese Yen, Euro etc., at very competitive rates. We also efficiently handle advance payment received by customers involved in export business.
When letter of credit is not established but an exporter is willing to ship the goods, the exporter may send the documents on collection basis through their bank to our bank. Our Trade Services team will handle such documents professionally and promptly. Once the documents are received at our counter, we immediately inform our customer, and upon their retirement of the documents, we remit payment to the exporter.
Letters of Credit (LC) is the most widely used method of payment for international trade. It is a written undertaking by a bank (issuing bank) issued as per the instructions and on behalf of a buyer (importer) to a seller (exporter) to make payment provided that the seller meets all the terms and conditions mentioned in the undertaking (Letters of Credit). Issuing bank makes payment to the seller only against presentation of the stipulated documents and upon compliance of all the terms and conditions mentioned in the LCs.
International business dealings are risky, and small flaws could result in huge financial loss. In many cases, an importer may have to deal with an unknown exporter. Therefore, expert advice, proper documentation and prompt communication are important in such dealings. Our expert team of professionals in Trade Services Department understands the importance and the risks associated with LCs. We at SBL provide our customers with reliable and expert suggestions in handling LCs so that their interests are always protected. Our connection with many internationally reputed banks and broad network base has enabled us to send letters of credit to any corner of the globe.
Export Letters of Credit is a LC opened by the buyer in foreign country and received through our correspondent bank. Majority of Nepalese exporters conduct their business based on Export LC. Certain conditions in Export LC are guided by exchange regulations. Other terms and conditions should also be scrutinized to avoid risk.
Our team in Trade Services is knowledgeable on prevailing regulations and specialized to protect the interest of our customers involved in export related business. We at SBL are committed to provide our customers with valuable insight so that their business runs smoothly and efficiently. We also provide various types of loans such as Pre-Shipment Loan, Post-Shipment Loan, and Document Negotiation/Purchase to our customers at competitive rates.Export Letters of Credit is a LC opened by the buyer in foreign country and received through our correspondent bank. Majority of Nepalese exporters conduct their business based on Export LC. Certain conditions in Export LC are guided by exchange regulations. Other terms and conditions should also be scrutinized to avoid risk.
Our team in Trade Services is knowledgeable on prevailing regulations and specialized to protect the interest of our customers involved in export related business. We at SBL are committed to provide our customers with valuable insight so that their business runs smoothly and efficiently. We also provide various types of loans such as Pre-Shipment Loan, Post-Shipment Loan, and Document Negotiation/Purchase to our customers at competitive rates.
Business dealings in foreign currency involve foreign exchange risk. One of the ways to minimize such risk is to strike forward contract with bank. SBL buys or sells foreign currencies in advance at competitive rates so that our customers are protected from unforeseen exchange losses.
Customers involved in international trade are encouraged to hedge foreign exchange risks with Forward Contract with SBL. We have a competent Treasury team to meet your treasury requirements at competitive rates.Business dealings in foreign currency involve foreign exchange risk. One of the ways to minimize such risk is to strike forward contract with bank. SBL buys or sells foreign currencies in advance at competitive rates so that our customers are protected from unforeseen exchange losses. Customers involved in international trade are encouraged to hedge foreign exchange risks with Forward Contract with SBL. We have a competent Treasury team to meet your treasury requirements at competitive rates.
