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
Issuance of guarantees on behalf of foreign correspondent banks to beneficiaries in India.
Deferred Payment Guarantees.
Domestic and Foreign Bills discounting.
(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.