Professional Documents
Culture Documents
Letter of Credit is issued on your behalf in favour of the beneficiary to pay a certain sum of money
against presentation of stipulated set of documents thereby providing you with security and control over
transaction by negotiating payment terms.
Authentication of your inbound Letter of Credit can be done through ICICI Bank LC advising services by
providing you with assurances that it comes from a genuine source
Product 2.
IMPORT FINANCE/ BUYER'S CREDIT
Buyer's credit is an essential tool for financing your imports in foreign currency to address your working
capital shortfalls like purchase of goods or services
Product 3
IMPORT BILL FOR COLLECTION
Our import bill for collection services ensures that bills or documents lodged with us by customer are
only released against payment or acceptance thus providing comfort that you will not lose control of the
goods without payment or the promise to pay
Product 4
INWARD REMITTANCE
Our Inward remittance services helps you in transfering funds from any account anywhere globally to
your account with us anywhere in India through our global tie ups with many international banks.
I wish to take you through the benefits of our product:
· It takes 24-48 banking hours for the funds to reach our account held with our correspondent bank
post fund transfer request with your local bank
· Post processing of Wire transfer, money will be transferred to your beneficiary account within 2
hours
· Presence – You can easily do your inward remmitances through our wide distribution network of
ICICI Bank Branches in India & Tie-ups with Correspondent Banks across the globe
· Convenience – Procedure to avail inward remmitance services is simple to process and widely
applicable.
Product 5
OUTWARD REMITTANCE
With our Outward remittance services we help you in transfering funds to any account anywhere globally
from your account with us through our global tie up with many international banks.
Product 6
EXPORT FINANCE
With our Export Finance services you can Efficiently Manage you Payment Cycle for Exports
Under Export finance solutions we offer following two products addressing your specific export related
finance requirements :-
A. Pre-Shipment Finance [EXPORT PACKING CREDIT (EPC) & EXPORT PACKING CREDIT IN FOREIGN
CURRENCY (PCFC)]
Our EPCPCFC products provides you with flexible short term lending facility that assists you in the
purchasing and/or manufacturing of goods prior to export to the ultimate buyer.
Our EBN product is meant to finance export sales receivable thereby providing continuity in your export
cash flows and thus allows you to reinvest proceeds immediately.
Our “Letter of Credit confirmation” helps you in eliminating the foreign bank and country risks from your
export collections by providing ICICI Bank's confirmation on export “Letter of Credit” received from other
foreign banks.
· Risk-averse – With our LC confirmation, foreign bank and country risks are easily eliminated from
your export collections
· Convenience – Our LC confirmation will make you assured of payment, subject to non-discrepant
documents, irrespective of non-payment by LC opening bank.
Product 7
Export Bill for Collection/ Export bill lodgement
With our Export Bill lodgement services, you simply present your documents to us and gain increased
control over export receivables by experiencing fewer delays in receiving payment
I wish to take you through benefits of our product
· Ease – With our Quick turnround time, you can get control over export receivables at the earliest
· Convenience – Provision of Handing over your bills at any nearest ICICI Bank Branch.
· Personalized service – A Personalized Dedicated relationship manager mapped to you to assist
you with your request/queries
Product 8
Overdraft/ Cash Credit OD/CC
With our Over Draft/Cash Credit limit facility you can operate the day by day business against collateral
security.
With our LCBD you can finance domestic export sales receivable thereby providing continuity in your
domestic export cash flows and thus allows you to reinvest proceeds immediately.
Our inward bill lodgement services ensures that bills or documents lodged with us are only released
against payment or acceptance