IFIC Bank has long history in financing and facilitating trade finance. The bank has experienced professionals to support customers in dealing with trade related services. The bank is centralizing its trade services to offer faster services to the clients.
The bank support import functions through Letter of Credit, Standby Letter of Credit, Payment against Documents (PAD), Loan against Trust Receipt (LTR) and Shipping Guarantee.
To support the export functions, the Bank has the following in place:
1) Pre-shipment Finance throughBack to Back Letter of Credit issued against the export (Master LC/Contract) credit to facilitate export oriented RMGs, Export LC (Advising & Transfer), EDF Loan, ECC, Over Draft (Garments) and Packing Credit.
2) Post-shipment Finance through Export Bill Purchase, Export Bills for Collection, Inland Documentary Bills Purchase/Foreign Documentary Bills Purchase.