1. Letter of Credit: This is made in the form of commitment on behalf of the client to pay an agreed sum of money to the beneficiary of the L/C upon fulfillment of terms and conditions of the credit.
2. Loan against Trust Receipt (LTR): LTR may provide when the documents
covering an import shipment are given without payment. Importer will hold the goods of their sale proceeds in trust for the bank; until the loan allowed against
the
Trust Receipt is fully paid.
3. Payment against Documents (PAD): It
is a post-import finance to settle the properly drawn import
bills received by the bank in case adequate fund is not
available in client’s account.
4. Loan against
Imported
Merchandise (LIM): The
lending
bank
mostly pledges the imported goods. The merchandise is released for the use of the importer (borrower) upon repayment
of
the bank’s finance and charges. LIM may be created in two ways:
a) LIM on importer's request b) Forced LIM
5. Bank Guarantee: The bank, on
behalf
of importer constituents or other customers, issues guarantees in favor of beneficiaries
abroad. The guarantees
may be both Performance and
Financial.
6. Collection of Import Bills: In this case, the importers may be financed that the bank collect the imports bills by authorized FOREX
dealers outside the country and the importer will collect the bills from local bank.