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Exports

  • Discounting of bill under letters of credit issued by various banks of good market standing as per Banker's Almanac - for customers.
  • Purchase of bills for those customers where Limits are sanctioned.
  • Sending bills on collection basis for customers to various banks.
  • Types of Facilities for Exports

    1. Negotiation of Bills under L/C
      UCO Bank is active in negotiation/discounting of sight / usance international export bills under L/Cs opened by foreign banks as well as branches of Indian banks abroad. UCO offers the most competitive rates. These transactions are undertaken by our branches within the Bank/Country Exposure ceilings prescribed by UCO.

    2. Export Bill Rediscounting:
      UCO provides financing of export by way of discounting of export bills, as a post shipment finance to the exporters at competitive international rate of interest. This facility is available in four currencies i.e. US$, Pound Sterling, Euro and JPY.

      Exporters can avail this facility from UCO to cover the bills drawn under L/C as well as other export bills.

    3. Bank Guarantees:
      UCO, on behalf of exporter constituents, issues guarantees in favour of beneficiaries abroad. The guarantees may be Performance and Financial. For Indian exporters, guarantees are issued in compliance to RBI guidelines.



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