Letter of Credit
An import Letter of Credit is an unconditional undertaking, given by an "Issuing Bank" at the request of it‟s customer (the Applicant or Importer) to pay the Beneficiary (or Supplier) against stipulated documents, provided all the terms and conditions in the Letter of Credit are complied with.

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Back-to-Back Letter of Credit
Exporters can instruct their Bank (called the "Remitting Bank") to send commercial documents (such as invoices, Bills of lading or Airway Bills) or financial documents (such as Bills of Exchange) on a collection

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Import Bills for Collection
Exporters can instruct their Bank (called the "Remitting Bank") to send commercial documents (such as invoices, Bills of lading or Airway Bills) or financial documents (such as Bills of Exchange) on a collection

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Import Loans
An import Loan is a short-term cash advance (with recourse) that enables the customer as an importer to meet the customer‟s immediate payment obligations under a sight or usance Letter of Credit presentation

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Shipping Guarantee
A shipping guarantee is issued by Standard Chartered Bank on the customer instruction when the vessel carrying the goods arrives earlier than the original bill of lading, which requires the customer to clear the goods or face the possibility of incurring demurrage charges.

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Guarantees
Bonds and Guarantees are written undertakings, either conditional or unconditional, issued by Standard Chartered Bank on customer‟s behalf to indemnify the beneficiary (the buyer of goods or services, the supplier or a Statutory Board)

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Letter of Credit Advising/ Confirmation/ Negotiation/ Collections
  • Letter of Credit Advising
  • Letter of Credit Advising
  • Letter of Credit Negotiations

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Export Bills for Collection
An Export Bill for collection is a process whereby an Exporter can rely on international banking channels to control document movement and release. Under export collections, the customer can instruct Standard Chartered Bank

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Pre-shipment Finance
Pre-shipment finance is working-capital finance that is provided by Standard Chartered Bank to an exporter, on a “with-recourse basis” against either a confirmed export order from the customer‟s end buyer or against a Letter of Credit.

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Invoice Financing
Invoice financing enables an importer or exporter who trades on an open account basis to raise short-term pre or post shipment finance using commercial invoices

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Supply Chain Financing
The Supplier Finance is a bilateral financing programme through which Standard Chartered Bank offers packaged finance facilities to key suppliers of the customer‟s company. This finance is provided strictly to those suppliers

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Speaking Up

Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.

Disclaimer

Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.

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