KCIBL provides you vital services to help you focus on your business and compete in global markets. Our trade services strengthen your business relationships by ensuring reliability and speed in your business documentation and payments. Our credit facilities smoothen your cash flows.
- Letter of Credit
- Bank Guarantee
- Export Bill Neqotiation
- Import Finance
- Escrow Account
- Export Finance
Letter Of Credit
With KCIBL Banks Letter of Credit, you can be assured of timely and correct payments from your buyers. Now, interact with ease even with companies with whom you have had limited experience or are unsure of their credit history.
KCIBL Bank offers inland and foreign LCs of two types Sight LC and Usance LC. Sight LC commands immediate payment on presentation of the necessary documents.In case of a Usance LC, payment is set for a specified future date only after acceptance of presented documents.
The KCIBL Bank Edge
- Sanctioned and issued quickly
- Competitively priced
- Usance period of up to 180 days
- Assessment based on a parameterised model.
- KCIBL Bank LCs can also be availed against 100% cash margin in the form of Fixed Deposits
Bank Guarentee
KCIBL Bank Guarantees are available to you against minimal requirements and in the shortest possible time. KCIBL Banks Bank Guarantees are also available in foreign currency for approved purposes as defined under FEMA.
The KCIBL Bank Edge
- Maximum tenor of guarantee 18 months
- Valid for a maximum of 10 years
- Competitively priced
KCIBL Bank also issues Bank Guarantees against 25% cash margin and 100% collateral security in the form of residential property or liquid securities. Bank guarantees in foreign currency are available against credit limits or 100% cash margin.
Export Bill Negotiation
With KCIBL Banks Export Bill Negotiation facility, you can obtain short-term finance for your business, easily and in a hassle-free manner. Receive payment as soon as your goods have been shipped simply on the basis of your trade transaction documents. KCIBL Banks Export Bill Negotiation is ideal for your business if you do not have regular capital limits with the bank.
The KCIBL Bank Edge:
- Competitively priced
- Quick turnaround time
- Negotiation under LC, much simpler than availing regular working capital limits from a bank
- Maximum tenor of 180 days
Key Facilities
- Purchase of your Sight Bill of Exchange and discounting of your Usance Bill of Exchange
- Negotiation of your export bills drawn under Letter of Credit, subject to the documents being strictly in accordance with LC conditions
- In case of discrepancies in documents, we can negotiate under reserve by sending the documents to the LC issuing bank for approval and payment
- Arranging forfaiting of your export bills drawn under LC at very competitive rates, without recourse to you
Import Finance
With KCIBL Banks Import Finance services, we offer structured and customised solutions to suit the specific needs of the import segment. Our Import Finance services are backed by our expertise and experience in international finance and cross-border transactions.
The KCIBL Bank Edge
- Arrangement of short-term credit buyers credit and suppliers credit
- Provision of cheaper financing of imports through LIBOR related interest rates
- Negotiation for better rates with overseas banks
- Issuance of bank guarantees
- Advance payment for imports
- Booking of forward contracts
- Co-acceptances
Escrow Account
Appoint KCIBL Bank as the custodian of your assets and revenue streams through our Escrow Account. Safe and hassle-free, KCIBL Banks Escrow Account is customised as per your specific needs. KCIBL Banks Escrow Account can be availed as a current account or a fixed deposit account.
The KCIBL Bank Edge
- Simplified documentation
- Customised transaction structure
- Flexibility to invest surplus funds in fixed deposits
- Online tracking of your escrow account
Key Services
- Project Financing
- Debt Repayments
- Liquidations
- Mergers and Acquisitions
- Intellectual Property
- BPO Transactions
Export Finance:
Avail KCIBL Banks Export Finance services to facilitate cash flow in your business. Our Export Finance is available in both Nepalies rupees and foreign currency, tailor-made to support your export requirements. KCIBL Export Finance services include both pre-shipment and post-shipment credit.
Obtain pre-shipment finance in the form of Export Packing Credit to finance purchase or import of raw materials and processing and packing of goods for export. Our pre-shipment credit is based on actual trading cycles.
Post-shipment credit finances export sales receivables after you have shipped the goods until the export proceeds are realised. KCIBL offers post-shipment credit in the form of Export Bill Negotiation.
The KCIBL Bank Edge
- Competitive rate of interest
- Negotiation, payment or acceptance of export documents under letter of credit
- Document scrutiny services to ensure compliance with LC terms and conditions
- Arranging forfaiting of your export bills drawn under LC at very competitive rates, without recourse to you
