Export Trade Finance

Short Term Finance up to 180 days from shipment date provided to Indian importers in US$ or in other major currencies at very competitive LIBOR linked rates, under Letter of Undertaking (LOU) of branches of SBI and other major Indian Banks.

The applicants Bank should send LOU by authenticated SWIFT in the prescribed format. After availing the facility the LOU issuing Bank/Branch should send acknowledgement of Debt by authenticated SWIFT as per prescribed formats Quotes may be obtained from us by Fax (+27 11 788 6769) or email : mgrsys.rsa@statebank.comSWIFT: (SBINZAJJ)

We can also offer longer term Buyers Credit for import of Capital Goods of upto three years as per the terms of the underlying Letter of Credit. Pricing is attractive and depends on the tenor of the loan and the currency in which the loan is sought. For enquiries do call our Trade Officials on +27 11 778 4512 or email: mgrsys.rsa@statebank.com

We undertake negotiation of documents drawn under LCs of branches of State Bank of India in India and abroad, all major Indian Banks, Banks located in other countries in Asia and rest of the world. For enquiries do call our Trade Officials on +27 11 778 4512 or email: mgrsys.rsa@statebank.com

Documents drawn under LCs of State Bank of India and other Indian Banks in India and other Banks located in other parts of the world sent through us to the issuing Bank on approval basis are discounted by us on acceptance. Facility provided at most competitive LIBOR linked Interest Rates.

For enquiries do call our Trade Officials on +27 11 778 4512 or email: mgrsys.rsa@statebank.com

Using our network of more than 150 foreign offices from 52 countries we can arrange for collection of your bills as per regulations under URC 522.

For enquiries do call our Trade Officials on +27 11 778 4512 or email: mgrsys.rsa@statebank.com