Trade Finance

FINPLATE takes care of your Mortgage Process in UAE and trade finance requirements. We provide our expertise in business and financial consulting, assessment of working capital requirements, complete documentation for business loans, business valuation, reducing the cost of capital through competitive rates, Project Financing, etc.

We provide the following services to our clients:
1. Overdraft Facility
2. Trust Receipt (TR) Financing
3. Letter of Credit (LC)
4. LC Discounting
5. Cheque Discounting
6. Local Bill Discounting
7. Bank Guarantee
8. Project Financing

1. Overdraft Facility
It is a financing facility that helps any business to plan expenditures, and access funds so that monthly expenses like utility bills, payments, raw materials, and cost of capital can be paid. In case of a potential shortfall in cash, a company can use this option. FINPLATE will help you in arranging an overdraft line to meet your immediate needs.

2. Trust Receipt Financing
Trust Receipt (TR) is a type of short-term loan for goods imported under the letter of credit. TR financing is the best alternative for purchases. FINPLATE arrange Mortgage Process in UAE for your purchases through TR financing.

3. Letter of Credit
A letter of credit, or “credit letter” is a letter from a bank guaranteeing that a buyer’s payment to a seller will be received on time and for the correct amount. Finplate can arrange a Letter of Credit for you to fulfill your business requirement in UAE.

4. LC Discounting
LC discounting is a short-term credit facility provided by the bank to the seller. In this case, LC issuing bank confirms all the original documents and provides acceptance to the confirming bank. After the due diligence from the bank, the seller will get the credit amount after deducting the discount. We help our clients with LC discounting in Dubai or anywhere in UAE.

Also Check: Mortgage Finance in UAE

5. Cheque Discounting
When a banker discounts a cheque, he provides immediate liquid funds to the account holder. In other words, cheque discounting is an immediate funding facility afforded to a good customer of repute. But a banker will first deduct his discount and then only the balance amount will be credited to the account of the depositor. We can help you to arrange a cheque discounting facility in order to meet your short-term working capital requirement.

6. Local Bill Discounting
A client can pledge its local receivables to a bank and get an immediate cash facility in return to manage daily operations. We can arrange local bill discounting for your receivables within UAE to fulfill your cash requirement.

7. Bank Guarantee
In business, sometimes a situation may arise when a client asks to do business through a Letter of Credit or a Financial Guarantee from a third party. To execute this process, the services of expert banking consultants are required. Finplate will coordinate with the lending banks on your behalf for arranging a bank guarantee for you.

8. Project Financing
Project financing plays a vital role in financing development projects throughout the world. All kinds of projects including power plants, transportation structures, chemical processing plants, manufacturing plants, and telecommunication infrastructure are being financed all over the world.