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Loan Arrangement and Syndication
India Forex as a company has always envisioned a one stop solution for all client needs in the field of Forex and Treasury.
In our constant effort to improve and increase our service offerings we have further extended our consultation for regular banking services such as:
Term Loans and Working Capital/ Trade Finance.
And other, new age banking services such as:
Purchase Bill Discounting
Here the bank funds to make payment for the client’s purchases. It is typically used in a scenario where the creditors have to be paid immediately and the debtors make payment after 60 or 90 days. We can facilitate it through our banking contacts across major banks across India.
Channel Financing – Dealer Financing
Here the bank makes a payment to the seller for the payments he is supposed to receive from the dealers and then the dealers can make the payment to the bank after 90 days. This is typically used for large corporate. E.g Mahindra sells cars to its dealers and the dealers are supposed to make the payment to Mahindra within 20 days. Yes bank here makes a payment to Mahindra immediately and after 90 days the dealers make payment to Yes bank. This improves the working capital cycle of the dealers.
Factoring – It is a financial transaction whereby a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount in exchange for immediate money with which to finance continued business. For example: A company is due to receive payment from it’s debtors after a period of 90 days but they need the money now. They can in that case go to a factoring company and sell the receivable. After charging some interest and some fee the factoring company will immediately make the payment to the company.
Creation and Enhancement of CC/LC limits.
Cash Credit Account (CC account): This account is the primary method in which Banks lend money against the security of commodities and debt. It runs like a current account except that the money that can be withdrawn from this account is not restricted to the amount deposited in the account. Instead, the account holder is permitted to withdraw a certain sum called "limit" or "credit facility" in excess of the amount deposited in the account.
Letter of Credit Limit: The letter of credit can be a source of payment for a transaction, meaning that redeeming the letter of credit will pay an exporter. Letters of credit are used primarily in international trade transactions of significant value, for deals between a supplier in one country and a customer in another.
We have strong relationship with all the major banks in India and we provide services at most competitive rates in the market.
We manage all your documentation and we negotiate the best rates with the bank.
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