Trade Finance Facilities

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.

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 Bank offers the most competitive rates. These transactions are undertaken by our branches within the Bank/Country Exposure ceilings prescribed by UCO Bank.

Export Bill Discounting:

UCO Bank 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 Bank to cover the bills drawn under L/C as well as other export bills.

Bank Guarantees:

UCO Bank, 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.

Issuance of letter of credit for customers where limits are sanctioned.

Various fund based facilities such as Advances under Trust Receipts and issuance of guarantees for customers where limits are sanctioned.

Receipt of bills on collection from various banks on Account of Customers.

Collection of Import Bills:

UCO Bank has correspondent relationship with reputed International Banks throughout the world and can thus provide valuable services to importers who may be importing from any part of the Globe. The import bills are collected by us at very competitive rates.

Letter of Credit:

On account of UCO's presence in international market for decades, UCO Bank has established itself as a well known international bank. L/Cs of UCO Bank are well accepted in the International market. For any special requirement UCO Bank can get the L/C confirmed by the top international banks.

Thus UCO's L/C facility for the purchase of goods/services etc. fulfills the requirements of all importers to arrange a reliable supply. UCO Bank uses state of the art SWIFT network to transmit L/Cs and with a worldwide network of correspondents and our overseas branches facilitates prompt & efficient services to the importers.

L/C facility is granted to the importers on satisfying credit exposure norms of the Bank.

Financing of import:

• Usance L/C facility: UCO's Usance L/C facility provides the importer an opportunity to avail credit from their supplier/supplier's bank.
• Bank Guarantees: UCO Bank, on behalf of importer constituents or other customers, issues guarantees in favour of beneficiaries abroad. The guarantees may be both Performance and Financial.
• Deferred Payment Guarantee/Standby LC: UCO's Deferred Payment Guarantee/Standby LC facility also provides the importer an opportunity to avail credit from their supplier/supplier's bank.