GET A LETTER OF CREDIT, BANK GUARANTEE /
SBLC, PROOF OF FUNDS FAST AND EASY
Our strength in financial services is to be there where the customer’s local bank
relationship is not coming up to his needs.
LETTER OF CREDIT
The Documentary Letter of Credit known as LC or DLC is a written undertaking given by a bank to the seller (beneficiary) of goods or services. Letters of Credit are a means for financing
BANK GUARANTEE / STANDBY LETTER OF CREDIT
The Standby Letter of Credit or SBLC as well as the Bank Guarantee (hereafter ‘Bank Guarantee’) is a payment guarantee generally
PROOF OF FUNDS
A Proof of Funds is a document demonstrating that the client has a certain financial capacity. Different formats may include bank letters, TELEX or SWIFT confirmations, phone/fax
The Trade-Finance HK of Companies provides corporations, institutions, governments, entrepreneurs profound solutions and a broad range of financial products for our
Advantages of working with TRADEFINANCEHK
20 YEARS IN THE MARKET
More than 1.000+ clients have successfully concluded transactions with our service
Issuance of Letter of Credit, Guarantee, Proof of Funds within 2 days
FROM ANY POINT OF THE WORLD
All work is done online. You do not need to visit the bank office
MINIMUM OF ACTION
You do not need to pledge securities and open a settlement account
WE SETUP A PERSONAL MANAGER FOR YOUR DEAL
He is always aware of the stage at which the transaction is being processed
5 EASY STEPS TOWARDS RECEIVING A LETTER OF CREDIT, BANK GUARANTEE OR PROOF OF FUNDS
You fill out the form and send it to us
Within 48 hours we approve and enter into the agreement with you
You pay the arrangement fee either into the escrow account of a reputable law firm or directly to us
The bank instrument is issued and delivered to the beneficiary
The escrow agent or the issuer respectively disposes of the fee in accordance to the Agreement
WHY YOU SHOULD WORK WITH US
20 Years in business
7 business days a week
Comprehensive customer care
Results done within 48 hours or less
Low premium compared to banks
FREQUENTLY ASKED QUESTIONS (F.A.Q.)
What is the service of Trade-Finance HK? Why should I use it?
TRADE FINANCE HK is servicing buyers that require a guarantee for conducting their sales transactions with foreign suppliers. TRADE FINANCE HK protects the buyer from not receiving the ordered goods, and at the same time the seller from not receiving the payment for his shipment. The advance payment for the order is requested upon the supplier’s or the suppliers’ bank demand for payment. If the order is received, the money is credited to the seller’s settlement account, and if it does not or does not correspond to the claimed amount or specifications, the money is returned to the buyer. All bank instruments include a protection clause that is keeping the issuer from damages and liabilities for issued instruments that are not honored by a pledge of the demanded amount before a claim has to be settled.
I generally open Letters of Credit / Guarantees through my bank. In what way are your instruments different?
When you order any instrument through your bank, you use your credit line or have to pledge assets as security. When you open it through us, you are benefiting from our service to arrange the instrument without securities. Of course, the conditions of the credit include that you have to pledge a security in cleared funds before any payment is made by the issuer. We are helping clients that cannot conclude a transaction through their local banking relationship. As a matter of fact you have to make it certain that your business partner accepts the instrument and issuer you order with us in order to avoid losing the arrangement fee.
Who can open an instrument with Trade-Finance HK? How much does it cost?
Anyone can open a Letter of Credit or Guarantee with us for a fee. Your credit rating or standing with the bank or lender has no effect. The cost of a Letter of Credit / Guarantee depends on certain critical factors:
Size of the instrument (face value); maturity; the SWIFT message type in which the instrument should be communicated; if the instrument needs to be advised or confirmed from an established correspondent bank; verbiage of instrument. All details are entirely fixed in an agreement that supersedes all previous communication.
Letter of Credit, Guarantee / SBLC. Which One Is Most Useful For Me?
There are many different uses for each type of instrument. With our knowledgeable staff, you will no longer be in doubt. These decisions are generally made on a case by case basis, and should be evaluated carefully.
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