Trade Services

Imports

• Letter of credit

A Standard Chartered letter of credit gives you the assurance from a world class bank when dealing with unfamiliar suppliers, you can be confident that payment will not be made until the documents are received and verified to be in order.


• Import bills for collection

By informing your supplier to send their shipping documents to Standard Chartered, you will enjoy prompt advice upon our receipt of documents and efficient payment according to your instructions.


• Shipping guarantee

To operate your business efficiently, it is vital your goods be cleared expeditiously. By issuing a shipping guarantee in the shipper’s favour, Standard Chartered facilitates prompt clearance of goods until bills of lading are received.


• Import financing

Standard Chartered will be able to provide financing solutions to pay for the supplier’s documents under letter of credit or import collections. Open account invoice financing is also available.


• Performance bonds and other guarantees

Standard Chartered offers tailored solutions to meet your entire performance bond and guarantee needs.

Exports

If you are in the export business, we can help you with Export L/C advising, L/C Safekeeping, L/C Confirmation, L/C Checking and Negotiation. For financing solutions, tap on to Pre-shipment Export Finance, Export Bills for Collections, Invoice Financing. Outsource your administrative functions to SCB’s document preparation service.

• Export letter of credit advising

Benefit from prompt advising of export letter of credit from a wide international network through Standard Chartered.


• Export letter of credit safekeeping

Rather than be inconvenienced by having to come to the bank to collect your export letter of credit, Standard Chartered will safe keep your original and send you a working copy to facilitate the preparation of documents.


• Export letter of credit confirmation

Exporters may deal not only with unknown foreign buyers, but also with their banks which are less well known institutions and whose letter of credit (LC) may not be sufficient comfort. By requesting Standard Chartered to confirm your export LCs, you obtain our guarantee of payment for document presented in compliance with the credit.


• Pre-shipment export financing

We provide pre-shipment finance against irrevocable letters of credit from or purchase orders in a number of currencies to allow you to trade with confidence. If you need to fulfil a sales contract but need funds to purchase raw materials or process goods for export, Standard Chartered offers you pre-shipment export financing in a variety of currencies.


• Letter of credit checking and negotiation

Standard Chartered's thorough checking standards will reassure you that your documents will not be rejected. Strict service standards are applied to ensure that your documents are negotiated and despatched quickly.


• Export bills for collection

Simplify dispatch tracking of payment and reconciliation of your export collections when you choose Standard Chartered's documents against acceptance, documents against payment or clean collections. Discounting of export collections is also available.


• Export invoice financing

To tide over any cash flow problems arising from credit terms to the buyers, the exporter may obtain invoice financing pending buyers’ payment.

Letter of Credit Reimbursement

Standard Chartered is a leader in trade finance and provides expert assistance with letter of credit reimbursements. Our vast global payments network, which includes more than 2,500 correspondent account relationships, efficiently facilitates settlement of letter of credit throughout the world.

Local/Invoice Bill Discounting

In order to help your business improve its working capital position, the bank can finance your receivables. To ease your business cash flows, the bank offers this product at a mark up rate charged on a daily basis.

All charges will be applicable as mentioned in the Schedule of Charges (SOC) of Standard Chartered Bank (Pakistan) Limited.