PROVIDER LETTER OF CREDIT
Documentary credits through Anil Prasad Finance Services have worldwide acceptability and can be issued via TELEX or SWIFT. Anyone can open a letter of credit with us for a fee. Your credit rating or standing with the bank or lender has no effect. They don't tie up your cash and we don't underwrite your company's financials. In addition they allow you to work on much larger deals provided they can fit into our structure. They are the perfect product if you are acting as the middle man to a transaction, also the institutions that we work with allow for flexible wording.
Our services include:
Commercial Letters of Credit
Confirmed Letter of Credit
Standby Letter of Credit – payment guarantee, payment bond and SBLC. Used for payment obligations from one to another.
Revolving Letters of Credit
Back to Back Letter of Credit – letter of credit issued by reliance on an incoming letter of credit. Hide the identity of your supplier or manufacturer.
Bid Bonds (Tender Guarantee) – with today's fast growing market industry, our services as a financial institution can offer securities when business is done across country borders. We can provide tender guarantees to bid on a construction project or a confirmed letter of credit to buy goods or many different types of commercial letters of credit and bank guarantees.
Performance Guarantee – performance bond. A guarantee that clients will fulfil their contract obligations.
Advance Payment Guarantee – advance payment bond issued to a contractual obligation alongside advance payment.
Online Money Management Solutions
View all account balances and past bank statements in real time
Send and receive money in 32 currencies all around the world
Transfer money internally from 1 account to another
Exchange between 32 currencies at one of the most competitive rates in the world
Your own secure login username and password
Log in from anywhere in the world to your own dashboard or cash management service with 24/7/365 access
Full audit trail for each and every transaction
Receive email alerts
Pay suppliers in their own currency
Send and receive payments worldwide without the need to set up your own bank accounts in the countries where you do business. As a single point of access for international payments, this simplifies the process for business and enables you to be open for business in any country