EXPORT TRADE FINANCE:

RCR offers financial guarantees and SWIFT services to facilitate commodity trade and purchase order facilitation.

Trade Finance accounts for over 3% of global trade. With an ever expanding global marketplace RCR helps Cleints facilitate their engagements in trade by offering a Letter of Credit (MT700) and Standby Letters of Credit / Bank Guarantee (MT760).  Whether you are doing business with a foreign or a domestic company, Letters of Credit are one of the most important and secure financial tools available for your trade.  Most importantly, a Letter of Credit helps reduce the risk of your trade transactions with foreign individuals or corporations.

At IBC, we have a variety of Letters of Credit to suit your needs:

• Import or Domestic Letters of Credit - This Letter of Credit is issued by various banks for importers guaranteeing payment to a domestic or foreign supplier on behalf of the importer.  Using this type of instrument transfers the financial obligation from the customer to the bank.
• Export Letters of Credit - An Export Letter of Credit facilitates international trade for the exporter by offering them a high level of security that they will be paid for their goods or services.  This helps the exporter expand their business opportunities internationally while minimizing risk.
• Standby Letters of Credit - Standby Letter of Credit/Bank Guarantees are issued on behalf of a customer to facilitate for them to engage in contracts with other individuals.  This guarantee provides assurance that the customer will fulfill the terms of a contract between the beneficiary.  A Standby Letter of Credit is also commonly used to support the credit worthiness of a customer.