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Export Letters of Credits

 

• Citibank advises and confirms Letters of Credit in favour of thousands of exporting companies globally. Because Citibank's on-the-ground branch networks spans 101 countries and deals with over 3000 correspondents, communications are more efficient and payments can be faster. Export Letters of Credit mitigate your risk associated with exporting to a new importing country.
• Citibank will receive, authenticate and deliver your Export Letters of Credit.
• Through our "state of the art" processing centres in our branch, we provide same day service turnaround time on advising of Export Letters of Credit.

 

Export Documentary Collections

 

• Export Documentary collections simplifies and reduces the cost of administering your commercial trading transactions by providing simpler processing of payments from importers while also safeguarding your title goods until payment for them has been received.

 

Post-Export Financing

 

• For exporters who want to receive immediate value of goods shipped under a Letter of Credit, avoid delays associated with cross-border presentation, mitigate cross-border and foreign bank risk, or channel their Letter of Credit activity through a single bank. Citibank's Export negotiation not only ensures payment, but reduces the amount of time the exporter must wait to receive payment for goods shipped internationally.

 

• Advantages.
  • Payment receipt within 48 hours from receipt of documents.
  • Minimised risk while providing better control over your receivables.
  • Thorough and efficient scrutiny of export documents to ensure an early detection and rectification of discrepancies in the documents.