Export Letters of Credit Advising
By drawing on our extensive network of global banking partners, we are able to receive and advise your Letters of Credit (LCs) directly, minimizing turnaround time
Export Letters of Credit Confirmation
We help you minimise payment risk when working with a new buyer or market by way of confirmations to your LCs*, and can, if necessary, provide immediate funding (against credit-compliant documents).
*Confirmations are issued on a case-by-case basis
Pre-shipment Financing
We provide advances to help you prepare for your shipment orders, with flexible tenors tailored around your payment receipts. In addition, these advances can be converted into post-shipment loans whereby you are paid the difference through the discounted value of the invoices concerned
Export Documents (Bills) Discounting
NBF is able to pay you the discounted value of your invoice immediately upon shipment against the appropriate export LCs and collections documents. The service conforms to industry best practices, while repayment tenors are based on the tenor of your export LCs and collection documents
Export Collections
We handle your export collections quickly and professionally in accordance with the International Chamber of Commerce Uniform Rules for Collections (URC). We ensure that your payments are speedily processed upon completion of the trading cycle
Local Bill Discounting
Receive discounts on any AED post-dated cheques up to the date of maturity and drawn from a UAE bank where the cheque issuer is in good credit standing
Reduce your company's cash conversion cycle, improve liquidity or capitalise on certain high-value Progressive Payment Certificates (PPCs)
Transferable LC
A Transferable Letter of Credit (LC) allows the original beneficiary to transfer part or all of the credit to a second beneficiary. It is commonly used by intermediaries such as traders who do not supply the goods themselves.
