Product Description

Experienced company offers back to back L/C facilities to companies involved in international trade. Metals, Minerals, Scrap especially welcome.

The transaction must have the following attributes:-

1. Margin must be sufficient to cover our margin and bank margin (typically total 5% excl interest)

2. Export L/C must be "back to back" with Import L/C - ie. the same documents both sides

3. Transaction costs to be paid in advance prior to any L/C issuance

4. Max transaction size US$ 1 Million

We will open L/Cs from top world banks in UK

We can only accept banks which are confirmable at our bank. All L/Cs MUST be confirmed at our bank's counters (this is included in above estimated costs).

We can accept usance L/Cs - up to **0 days.

We can open sight L/Cs against receiving usance L/Cs

We will handle all necessary documentation presentation

Proposers should be experienced in foreign trade - ideally with a background in the commodity being proposed

All proposals falling within above criteria will be studied and decisions usually given within *8 hours.