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Corporate Finance

Citibanking for Trade

 

CitiBanking for Trade is an electronic banking solution that enables importers and exporters to control trade transactions right from their personal computers. CitiBanking for Trade's range of utilities are fully customisable and can be integrated with ease into existing business systems. State-of-the-art data encryption ensures optimum end-to-end security. Citibanking for Trade can support Citibank's range Trade products from Letters of Credit to Collections.
 

Bill Avalisation Service

 
• Given our global reach and network, Citibank helps corporates to manage their end-to-end flows and risks efficiently. This undertaking is similar to that of a Letter of Credit hence the same comfort to your supplier but with an easier structure for you. Bill Avalisation is Citibank's undertaking to honour on your behalf, payments of bills of exchange. This is applicable to both domestic and international trade.
 
• Citibank receives your import documents with a draft drawn on yourself. Upon importer's acceptance, Citibank guarantees draft, releases import documents to Importer and forwards draft to supplier's bank enabling fast access by supplier.