Trade Finance - LC / TR / OD & LBD
LETTER OF CREDIT (LC)
Smart Finance provides International trade finance services. Speed up your business transactions with customized services including letters of credit, cheque discounting, etc.
This is a major payment method in international trade because it benefits both parties in the transaction. As the buyer, you do not have to pay until the documents are received in good order. Your sellers are also comfortable because they will definitely be paid if they have complied with the terms of the LC.
TRUST RECEIPT (TR)
Smart Finance provides TRUST RECEIPT (TR) finance services
A form of financing for your purchases, where the financier pay your suppliers 100% of the value of the goods, so that you can take delivery promptly and defer payment for an agreed period of time.
Advantages of using Trust Receipts:
100% financing, Competitive rates, no commitment fee.
Financing for a pre-determined period that suits your needs.
Flexibility to settle early, partly or fully.
Overdraft Loan Facility (OD)
In times of a temporary cash shortfall,
Overdraft from Smart Finance gives you the power to draw against your salary
or Fixed Deposit for a much needed instant cash support. Take advantage of this unique
Overdraft facility and confidently manage your expenses or honour your financial commitments
Local bill discounting (LBD)
Smart Finance provides local bill discounting LBD can reduce your working capital pressures by providing
immediate funding on outstanding invoices.
In addition, it can enhance your business growth by allowing you to access up to 80% of your invoices by
the next working day. Invoice Discounting is a flexible funding option that leverages your sales and
manages cash flow without offering early payment discounts to customers