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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 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.
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