| Export
Letters of Credit
- Citibank
advises and confirms Letters of Credit in favour of thousands
of exporting companies globally. Because Citibank's on-the-ground
branch networks spans over 100 countries and deals with
over 3000 correspondents, Citibank can take advantage
of more efficient communication and payment methods. Export
Letters of Credit mitigate the risks associated with exporting
to a new importing country or to new importers.
- Citibank
will receive, authenticate and advise your Export Letters
of Credit, and will advise authenticated Export
Letters of Credit in 24 hours.
Export
Documentary Collections
- Export
Documentary Collections simplify and reduce the cost of
administering your commercial trading transactions by
simplifying the process of receiving payments from importers.
Documentary Collections also safeguard your title to the
goods until payment has been received or documents have
been accepted for payment.
Post-Export
Financing
- For
exporters who want to receive immediate value for goods
shipped under a Letter of Credit or Collection, Citibank's
Export Negotiation not only ensures immediate payment
but reduces the amount of time the exporter must wait
to receive payment for goods shipped. The customer also
gets to avoid the delays associated with cross-border
presentation, mitigates cross-border and foreign bank
risk, and is at the same time able to channel their
Letter of Credit activity through a single bank.
- The
Citibank Advantage.
- Payment
receipt within 48 hours from receipt of documents.
- Better
control over your receivables.
- Thorough
and efficient scrutiny of export documents to ensure
early detection and rectification of any discrepancies
found.
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