TRADE FINANCES

  • Issuance and advising of Domestic and Foreign Letters of Credit.

  • Confirmation of Export Letter of Credit.

  • Issuance of Guarantees on behalf of Domestic Customers

    • In favour of Domestic Beneficiaries and

    • Foreign Beneficiaries.

  • Issuance of guarantees on behalf of foreign correspondent banks to beneficiaries in India.

  • Deferred Payment Guarantees.

  • Domestic and Foreign Bills discounting.

  • SWIFT Interface.

  • (e-TradeSBI) Front-end interface (Internet Based) at the customer place. Through e-TradeSBI, the customer can request the Bank;

    • To issue Letter of Credit and handle related bill transactions

    • To issue Bank Guarantee

    • To send advice on Letters of Credit received from others

    • To lodge Export Collection Bills

    • To enquire status of Trade Finance transactions

    • For negotiation of bills and track negotiated bills

    • For Advance against Export Bills on Collection

    • For Lodge of Bills where Full Advance Payment has been received

  • Delivery Platforms at all 7 CAG branches having specialization to provide Trade Finance Services, adhering to Six Sigma principles.

  • While SBI is the most widely accepted Indian Bank across the world with correspondent relationship extending to a spectrum of international banks numbering 876 at present our LCs, Guarantees and DPGs are issued at the most competitive rates.

  • SBI is the only Indian Bank whose guarantee is accepted by most of the Export Credit Agencies globally without seeking confirmation.

  • SBI's Clean & Documentary Collections are made at most competitive rates through our Global Link Services.

  • We also provide trade related information to Indian corporates, their overseas partners/buyers through our foreign offices.