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Our International Trade Operations offers various trade products to help ease your business and glow providing solutions based on deep understanding of your objectives and trade needs.
Import Letter of Credit
An Import Letter of Credit is a financial instrument issued by a bank that represents the commitment of the bank, on behalf of an importer that guarantees payment will be made to the exporter provided the terms and conditions specified in the Letter of Credit have been met.
Export Letter of Credit
Export Letters of Credit are financial instruments issued by banks that represents the commitment of the bank on behalf of an importer that guarantees payment will be made to the beneficiary (exporter) provided the terms and conditions specified in the Letter of Credit have been met
Standby Letter of Credit
A standby letter of credit (SBLC) is a legal document that guarantees a bank's commitment of payment to the beneficiary in the event that the applicant–or the bank's client–defaults on the agreement.
Upon reception of entrustment from the foreign correspondent bank, in accordance with instructions received, the bank collect payment from the importer and deliver the relevant commercial documents to the importer.
Royal Business Bank, as entrusted by an exporter, collects payments from an importer through a foreign collecting bank upon presentation of the exporter's commercial and financial documents.
Foreign Currency Outgoing Remittance
Foreign Currency money transfer to worldwide in a fast and most secure way.
Contact our International Banking officer for more information.Phyllis PanVP/International Trade Operations Manager