Minimize Your Risk When Buying and Selling!
Aman's Trade Finance Services helps make it easier, more convenient and less risky for middle market businesses to buy and sell internationally.
When your business is growing rapidly and becoming more international, your financing needs will increase and you will face new risks. You will want to finance your growth and manage these new risks.
How can Aman Bank help you?
Letter of Credit (L/C)
Minimize risks when trading internationally with Letters of credit (LCs) issued by Aman Bank. Now you can develop business relationships with overseas suppliers more easily as LCs issued by Aman Bank provide comfort and security to both the buyer and supplier. LC is an undertaking by a bank, acting on behalf of the importer, to make payment for goods or services provided by the supplier within a prescribed time limit and against compliant documents. An LC provides comfort to the buyer that payment will only be made upon presentation of the required documents.
Letter of Guarantee (L/G)
The Letter of Guarantee (L/G) is a letter from a bank stating that a customer owns a particular security and that the bank will guarantee delivery of the security. Among different type of L/Gs:
- BID Bond: A bid bond is issued as part of a bidding process by the surety to the project owner, to guarantee that the winning bidder will undertake the contract under the terms at which they bid.
- Advance Payment Guarantee: The advance payment guarantee is a Bank guarantee requested by a party receiving an advance payment to the party advancing the payment. It provides that the advanced sum will be returned if the agreement under which the advance was made cannot be fulfilled.
- Performance Bond: The Performance Bond is a bank guarantee issued on behalf of the contractor in order to provide a guarantee against the failure of the other party to meet obligations specified in the contract.
Get advice on any aspect of L/C and L/G issuance, 24 hours a day, 7 days a week, from our award-winning trade teams. We can also arrange training for your staff at your own offices.