Oxford Credit Banque Limited

Proof of funds are a type of financial instrument that guarantees the seller that buyer has an adequate amount of money to take part in the business transaction. This service is offered by many financial institutions and plays a crucial role in international trading. In this article, you will explore the importance of proof of funds. So let's start. What is proof of funds? Proof of the fund is a type of document that certifies an individual or corporation has sufficient amount of funds to complete a business transaction. In other words,  you have the required money to purchase a thing.  These documents give confidence to the seller that you are a serious trader or buyer.   In a proof of funds, you have to add your name, account credentials as well as current balance in your account with a specific date. All these credentials should be mentioned on a letterhead from your bank and should be attested or signed by an official employee of that particular institution. The proof...

No matter if you are running a small business or large. You may have experienced credit risks at least one time in life. And a letter of credit may be the best solution to enable your trade relationships by overcoming the credit risk. In this process, a bank issues a letter to an organization for a person as a guarantee of payment. But recent research shows that Non-Performing Letter of Credit works for some cases when the other payment options do not.  Importers and exporters can get the amount via a Non-Performing Letter of Credit, depending on the terms and conditions. To learn more, keep on reading the post! What is a Non-Performing Letter of Credit? This term is also known as a standby letter of credit. It is a written obligation of an issuing bank to pay an amount to a beneficiary. The bank makes the payment on behalf of a customer who did not pay the former. According to experts, the Non-Performing Letter of Credit is applicable only when the letter is not liable for the val...

What is deferred payment ? By using deferredpayment  facilitated by  Oxford Credit Banque   , a loan is available to the nominated bank; the nominated bank can honour the deferred payment undertaking by sending a compatible presentation. The nominated bank conducts, by incurring a deferred payment obligation, to pay the recipient at maturity. It should be expressly conveyed to the deferred payment undertaking of a nominated bank. The nominated bank will pay in advance its deferred payment undertaking, if demanded by the recipient. In order to be reimbursed, the nominated bank must give the documents to the issuing or certifying bank. Logically, the repayment of a deferred payment debt by the nominated bank is without recourse to the recipient. This is irrespective of whether a nominated bank is a confirmatory bank and, by incurring a deferred payment undertaking, the nominated bank is obliged to pay at maturity, irrespective of the undertaking of the issuing b...

  Oxford Credit Banque ’s study explores the structure and recent developments in the global market for trade finance and the interplay between trade finance and foreign trade shifts. In particular, it measures the size and evolution of the market, sheds light on the performance and effect of trade finance during recent episodes of global market funding stresses, and looks at how ongoing structural changes can impact the potential resilience of the market. The primary results are: The function of bank-intermediated Trade finance  Two important roles are performed by bank-intermediated trade finance (or trade finance, in short): providing working capital linked to and in support of foreign trade transactions and/or providing means to reduce the cost of payment. Inter-firm trade credit is the primary alternative to bank-intermediated goods. The ability of companies to lend credit directly is enabled by the ability to discount their receivables and the availability of f...

  How sugar is imported? A simple concept about formalities and procedures for importing sugars from other countries is clarified. These specifics are presented to inform importers, and are general procedure for importing products from overseas countries that extend to almost all countries around the world. In Oxford Credit Banque , we provide proper   Sugar Import Documents and Procedures As you know, the required import paperwork and customs clearance procedures in the importing country must be conducted in compliance with the international trade policy of the respective importing countries for the importation of products. Import entry documentation along with carrier paper (Bill of Lading / Airway bill), commercial invoice, packaging list, origin certificate and other needed documents are also filed for importing Sugars , and requisite import procedures are completed to take delivery of imported products. Currently, the correct information is submitted electronicall...