Trade Services
Mashreq offers you a complete range of trade services, with service delivery standards which are among the highest in the industry. Our services range from Advising of your Letters of Credit to Risk Participation and providing Syndication Arrangements where we have the expertise and experience to assume a lead/arranger's role. Our financial and operational expertise enables us to offer you innovative products including:
Letters of Credit
From the simplest of trade related transactions, like Advising, Confirmation, Negotiation, and Discounting, to the more complex ones, involving structuring and participating in large deals, we provide our experitise in multiple countries and currencies to importers and exporters at highly competitive rates.
For advising on Letters of Credit (LC)in the Far East, we have AsiaLink, providing an integrated and seamless solution that caters to all aspects of the LC transaction through a single channel. The service encompasses all aspects of a LC transaction throughout the Far East through our Mashreq Hong Kong branch and covers Mainland China, Hong Kong, Japan, Singapore, South Korea and Taiwan.
We also provide LC confirmation requests to your import Letters of Credit anywhere in the world.
Mail to SWIFT
A simple, highly effective product that ensures that your Mail/Paper LC's reach the benefciary as fast as SWIFT LCs. The LC is advised to the beneficiary within 24 hours of your hand over to us.
Reimbursement Services
- Bank to Bank Reimbursements offer fast and fully automated processes interfaced with SWIFT and Telex for efficiency and accuracy. We handle all your import related reimbusement authorisation and payments with an industry beating turn around time
- Reimbursement Undertaking is available once your LC has been advised through one of our offices or directly through the beneficiary's bank. Once received the undertaking can be issued in favour of a bank on your behalf at your request.
- Reimbursement Financing can be arranged to finance your reimbursement claims for an eligible usance period.
Import Reimbursement Authorisation System
This system is designed to establish Reimbursement Authorizations on your behalf. It allows you to view the status of reimbursement authorizations, claims and settlements online. It is also capable of tracking partial payments and residual amounts and make direct trade payments.
Export Bills Collection
The Export Bills Collection (EBC) system has been designed with your needs in mind. It provides market leading functionality in managing your export bills portfolio with up to date reconciliation of export bills. The system does so by tracking the lodged export bills and automatically reconciling them with the payments received. You are able to achieve a more effective level of funds management as branch and bill wise reconciliations are made and advised to your concerned branch immediately.
System generated credit advices are electronically transmitted, directly to your branches and the Head Office, enabling bbranches to provide an immediate credit to customer accounts. The system also generates Reimbursement Claims directly to Issuing/Reimbursing Banks for the export bills lodged and tracks unpaid and overdue export bills and generates Tracers for them.
The system is interfaced with SWIFT, telex, email and fax and is capable of generating free format queries. MIS is also available online.