FINANCIAL SERVICES

Your International Trade Financing Consultants

By ITFC Ltd.

ceo@itcl.net
CONFIRMATION OF LC

ITFCL arranges confirmation services for LCs

● For Sight Letter of Credit/Deferred Payment(Usance) Letter of credit/ Standby Letter of
Credit
● Issued from any schedule bank of Bangladesh.
● For any amount of value.
● Entertain special request from applicant like choice of confirming bank’s country/special
structuring
● Competitive pricing.
● Two working days for any amount less than USD2m and 5 working days for any amount
more than USD2m to arrange confirmation service.

Note: Applicant must ensure LC opening bank will transmit LC to the nominated bank of GFS
FCY FINANCING FOR UPAS(Usance LC Paid at Sight)LCs

ITFCL arranges FCY financing for UPAS LCs from overseas

Banks /Financial Institutions:
● Issued from any schedule bank of Bangladesh.
● For any amount of value.
● Entertain special request from applicant like choice of financing bank’s domicile
country/special structuring
● Competitive pricing.
● Four working days for any amount less than USD 2 m and 10 working days for any amount
more than USD 2 m (maximum timing to arrange the service).

Note: Applicant must ensure LC opening bank will transmit LC to the nominated bank of GFS
SHORT TERM FINANCING FOR
INTERNATIONAL TRADE TRANSACTION
ITFCL arranges FCY financing for all types of cross border trade
transactions against Bank’s Instruments from overseas Banks
/Financial institutions:
● Bank’s Instruments (SBLC/BG/Bankers acceptance) must be issued from any schedule bank
of Bangladesh.
● For all cross border trade transactions under any form of payment (advance payment/TT
payment/Sight letter of credit).
● Highest loan tenor 1 year.
● Competitive pricing.
● Ten working days for any amount less than USD 2 m and 20 working days for any amount
more than USD 2 m (maximum timing to arrange the service).

NOTE: Borrower must ensure compliance of all local regulatory requirements.

LONG TERM FINANCING FOR CAPITAL
MACHINERY PROCUREMENT:
ITFCL arranges FCY financing for all types of cross border
capital machinery procurement against Bank’s Instruments from
overseas Banks /Financial institutions:
● Highest loan tenor 3 year (Special case 5 years)
● Bank’s Instruments (SBLC/BG/Bankers acceptance) must be issued from any schedule bank
of Bangladesh.
● Borrower must place the request before execution shipment of machinery.
● Entertain special request from applicant regarding structuring of repayments
● Competitive pricing.
● Fifteen working days for any amount less than USD 2 m and Thirty working days for any
amount more than USD2m (maximum time period to arrange the service).

NOTE: Borrower must ensure compliance of all local regulatory requirements.

EXPORT BILL (Under LC) DISCOUNTING

ITFCL arranges FCY financing for Discounting of export Bills

(Under ULC)
● For All types of Exporter
● Collecting bank may be any scheduled bank of Bangladesh.
● For any amount of value.
● Financing may be with recourse/without recourse.
● Competitive pricing.
● Five working days for any amount less than USD 2 m and Ten working days for any amount
more than USD 2 m (maximum time period to arrange the service).

NOTE: Borrower must ensure compliance of all local regulatory requirements.

EXPORT BILL (Under Contract) DISCOUNTING

ITFCL arranges FCY financing for Discounting of export Bills

(Under Sales Contract)
● For Exporters from RMG sector.
● Importer’s credibility must be acceptable to ITTS network banks/financial institutions.
● Collecting bank may be any scheduled bank of Bangladesh.
● For any amount of value.
● Financing may be with recourse/without recourse.
● Competitive pricing.
● Five working days for any amount less than USD 2 m and Ten working days for any amount
more than USD 2 m (maximum time period to arrange the service).

NOTE: Borrower must ensure compliance of all local regulatory requirements.

LOCAL / DEEM EXPORT BILL (Under LC)
DISCOUNTING

ITFCL arranges FCY financing for Discounting of FCY

denominated local export Bills (Under ULC)
● For indirect Exporter from RMG backward Industries (Accessories/textile/spinning)
● LC opening bank may be any scheduled bank of Bangladesh.
● Individual bill value must be USD100,000 or more.
● Financing may be with recourse/without recourse.
● Competitive pricing.
● Five working days for any amount less than USD0.5m and Ten working days for any amount
more than USD0.5 m (maximum time period to arrange the service).

NOTE: Borrower must ensure compliance of all local regulatory requirements.