Al Masraf Transaction Banking services are packaged to fit corporate business needs of Cash Management, Trade Finance, & Online banking Channels. Our Product spectrum caters to all segments of markets covering Government bodies, large, small & emerging Corporates, SME’s and all other Business Entities.
A convenient and flexible payment solution that mitigates risks in international trade, our Documentary Credits can be tailored to the buyer’s specific requirements while giving suppliers assurance that they will be paid, bridging gaps between the changing requirements of all parties.
Standby Letters of Credit
A standby LC is close to a bank guarantee since the bank makes payment only when the buyer or importer defaults on their payment obligation towards the exporter.
Trust Receipt/ Loans against Import
To bridge the gap between paying for the imports and selling them on, we offer a loan against imports facility under Documentary Credit or Import Collection to help you extend the credit period. Goods are released to you under trust receipts, enabling their immediate use or sale.
Our solution means you can receive goods before you pay for them. We will manage the financial and commercial documents and make payment on your behalf.
If your goods arrive before the shipping documents, our shipping guarantee will allow you take the goods before the Negotiable Bill of Lading is received.
Export Documentary Credit
An export Documentary Credit protects you from the buyer’s credit risk. When you export under the Documentary Credit, issuing bank is liable to pay you, provided that all documents are as per stipulated terms and conditions.
Trade with confidence with our secure and cost-effective way to collect payments for your exports.
Export Bill Negotiation / Discounting
We can help you improve your cash flow by negotiating and discounting credit compliance documents at very competitive rates.
Demand Guarantee(s) allow you to secure agreements with suppliers, customers and others without having to find cash up front allowing you to free up your business funds for other purposes.
Types of Demand Guarantees include:
• Performance Guarantee
• Advance Payment Guarantee
• Retention Guarantee
• Payment Guarantee
• Financial Guarantee
• Labour Guarantee
• Tender Bond