Trade Finance

–Letter of Credit Advising and Negotiation

Benefits

• Payment guaranteed by the Export LC Issuing Bank
• Certainly buyer cannot cancel/amend without your consent
• Clear requirement for payment
• Added protection – LC Confirmation
• Financing Opportunities

–Export Bill

• Export Bill Under LC
• Export Bill Under Collection

–Pre and Post Shipment Financing

Benefits

• Important cash flow avenue for exporters to manufacture finished goods
• Flexibility of the financing period

–Opening of Letter of Credit

Myawaddy Bank will facilitate importers to purchase goods and make settlement by issuing LC at sight and usance.

Benefits

• Use of bank expertise and worldwide channels to issue and advice LCs expeditiously and a straight forward process, fast and efficient processing of LC transactions
• Subject to UCP600, internationally recognised rules and standards governing LCs
• Same day processing and next day issuance upon submission of required documents

–Import Financing

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Credit Facility Service

Myawaddy Bank will accommodate financial requirement for Importers.

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Usance Payable At Sight

Seller will get settlement as at sight for Usance LC.

–Import Bill

• Import Bill Under LC
• Import Bill Under Collection

–Trust Receipts

Myawaddy Bank provides short-term credit facilities for financing the importer when a letter of Credit (LC) or collection is due for payment. A credit trade line is required before this facility can be utilized. This is a credit facility granted to the customer to enable him to take delivery of the goods prior to payment. As security, the goods title is the Bank, and the customer will undertake to hold the documents, the goods and the sale proceeds in the trust for the Bank.