LC Confirmation:

We facilitate LC confirmation through a network of renowned global banks at competitive rates. Our LC confirmation advisory services significantly reduce payment risks for exporters. Many suppliers require confirmed LCs to proceed with shipments, and we specialize in assisting clients to swiftly confirm and discount their LCs.

A confirmed letter of credit involves an additional assurance provided by a second bank to the original LC issued by a borrower. This ensures that if the issuing bank fails to fulfill payment obligations, the confirming bank steps in to pay the seller in the transaction.

LC Discounting:

Suppliers typically request immediate payment for shipments, while buyers often prefer deferred payment terms. UPAS LC discounting represents a groundbreaking financial solution that is transforming global trade practices. This method enables businesses to manage cash flow constraints effectively and seize emerging opportunities, enhancing their competitiveness in the international market.

Through our LC discounting advisory services, we facilitate a short-term credit facility for importers, typically spanning 180 or 360 days. Upon verification and acceptance of all trade documents, subject to necessary legal formalities, we arrange for payment of the agreed credit amount to the sellers on behalf of our clients.

LC Re-financing:

When the required amount as per LC terms to be recovered from LC applicant, various banks offer facilities to their trusted clients, creating an opportunity known as "Re-Financing" to postpone this payment for a specific period. LC refinancing serves as a beneficial option for clients who are unable to pay the credit amount within the designated timeframe. We assist our clients by extending the duration of their existing credit facilities in this regard. While this practice is not common among most foreign banks, we have successfully arranged refinancing facilities for our esteemed clients with selected banks in our network over the past years.

Refinancing is the replacement of an existing debt obligation with another debt obligation under different terms. This provides clients with additional breathing room, enhancing their ability to manage loan repayments effectively and avoid defaulting or accumulating bad debts.

LC Advising:

Occasionally, LC advising can be challenging when there is no RMA between the suppliers’ and buyers’ banks. We have established connections with numerous reputable foreign banks to ensure a swift LC advising process for our clients. Additionally, we serve as the official representatives for two esteemed banks:

The advising bank, also known as the notifying bank, is a financial institution located in the exporter’s country. It notifies the exporter about the approval and opening of a letter of credit on behalf of the importer's issuing bank. This notification enables the exporter to understand the terms and conditions of the letter of credit without any obligation to the importer for payment.

Project Financing:

Project finance involves funding long-term infrastructure, industrial projects, and public services through a financial structure that typically limits recourse to the project's assets and revenues. In this setup, the project's debt and equity are repaid using the cash flows generated by the project itself. This approach offers clients access to below-market interest rates, making it particularly advantageous.

At FinBridge 360 Ltd, we bring years of established expertise in project financing, offering competitive advantages such as low interest rates, extended loan durations, and appropriate grace periods.

ECA Financing:

Long-term ECA financing serves the purpose of funding strategic capital projects or expanding business operations within a company.

At FinBridge 360 Ltd, we boast extensive credentials and longstanding relationships with major ECAs and selected Multilateral Finance Institutions (MFIs). Our global presence enables our team of highly experienced professionals to collaborate seamlessly, delivering cutting-edge solutions to our esteemed clients. We specialize in leveraging our expertise to structure innovative financing solutions for the importation of capital machinery.

ECAs, prevalent in most countries, offer loans, loan guarantees, and insurance to mitigate the uncertainties associated with exporting to foreign markets. These agencies act as intermediaries between national governments and exporters, providing export insurance solutions and financing guarantees.

Typically, such funding supports machinery imports from Europe and Japan, with maturity periods ranging from one year to up to ten years depending on the imported materials.

OBU Funding (Trade Loan):

Offshore banking units (OBUs) are branches of banks that specifically handle transactions conducted in foreign currencies. FinBridge 360 Ltd offers trade loans at highly competitive interest rates tailored for banks' OBUs. This arrangement benefits both financial institutions and industries alike. Banks can utilize these funds to streamline their trade operations, thereby expanding their customer base and increasing revenue opportunities.

For our corporate clients, this presents a significant advantage as well. They can leverage these trade loans to access LC financing and refinancing through the OBUs of the respective banks.

We have a proven track record of successfully arranging such trade loans at competitive rates in response to requests from local banks and industries.

Export LC Financing (Factoring):

Factoring in finance provides a reliable method for businesses to obtain essential funds for purposes such as growth, diversification, and meeting supply demands. It is widely favored among companies seeking to address working capital shortages.

At FinBridge 360 Ltd, we provide extensive export financing solutions designed to help our clients secure the necessary cash in foreign currency when conducting business internationally. Our goal is to assist clients in accessing immediate cash flow from their sales, even when dealing with extended payment terms.

Bank Account Opening in Foreign Countries:

We support and handle all due-diligence for the bank account opening in other countries. At present, we provide this service for opening bank accounts in HongKong, China and UAE. We make it easier for our clients and their businesses to bank internationally and establish offshore accounts. So you can access international investment opportunities and to benefit from foreign exchange services.

While each offshore account will come with different features and benefits, here are some of the common ones: