We work with over 150 overseas banks and financial institutions offering our clients with the competitive rates for buyers/suppliers credit, SBLC Monetization, Structuring of APG/EPBG & arranging Long term ECBs(Capital Goods Imports, Modernization/Expansion, New projects, working capital).
We execute subsidiary setups in Mauritius & Hongkong also Group level/Individual company limits setup for Indian entities and subsidiaries through our associated banks in various countries.
Confirmation of LCs issued by African Banks on behalf of the African importers, for exporters factoring and LC discounting offered on non recourse basis. Special discounting lines available on Asian, Europe, GCC & African countries.
We execute subsidiary setups in Mauritius & Hongkong also Group level/Individual company limits setup for Indian entities and subsidiaries through our associated banks in various countries.
Confirmation of LCs issued by African Banks on behalf of the African importers, for exporters factoring and LC discounting offered on non recourse basis. Special discounting lines available on Asian, Europe, GCC & African countries.
Best buyers credit deals for week ended 05 May, 2017 (bps pa)
| Tenor | LIBOR | Over USD 10 mn | USD 5 mn to 10 mn | USD 1.0 mn to 5.0 mn | USD 0.5 mn to 1.0 mn |
|---|---|---|---|---|---|
| 90 Days | 118 | 15 | 18 | 22 | 28 |
| 180 Days | 143 | 12 | 14 | 18 | 25 |
| 360 Days | 177 | 15 | 20 | 25 | 30 |
Suppliers Credit: Indian & Foreign banks Quotes A) L+ 40 to 60 bps p.a. for 90 to 180 days usance discounting till maturity B) 12 M L + 45 to 65 for 360 day usance C) 6 M L+75 to 95 bps with half yearly reset for 3 years supplier credits of capital goods imports. Letter of Credit reimbursement structure: L+45 to 60 bps for 180 days usance from nationalized & foreign banks. LC/SBLC Limits are available on major global banks for discounting at competitive rates without recourse to supplier. | Foreign currency financing against SBLC/ADVANCE PAYMENT GUARANTEE issued by major PSU banks: L+ 2 to 3.5% pa or fixed rate of 3.5% to 5% pa inclusive of all. Trade Financing/Pre & Post Shipment Financing offered without any collateral from our associated world’s largest shipping company. (All rates for your reference subject to credit worthiness of the borrowers and quality of project) |
Please contact trade@mecklai.com or call Mahaveer Reddy on 07208600363 for fast action
