Buyers' Credit


Best buyers credit deals for week ended    23 Sep, 2016   (bps pa)
Tenor LIBOR Over USD
10 mn
USD 5 mn
to 10 mn
USD 1.0 mn
to 5.0 mn
USD 0.5 mn
to 1.0 mn
90 Days 85 10 14 15 18
180 Days 124 9 9 12 17
360 Days 155 7 10 12 18

Suppliers Credit:
Indian & Foreign banks Quotes

A) L+ 38 to 55 bps p.a. for 90 to 180 days usance discounting till maturity
B) 12 M L + 45 to 60 bps for 360 day usance
C) 6 M /12 M L+70 to 95 bps with half yearly/ yearly reset for 3 years supplier credits of capital goods imports.

Letter of Credit reimbursement structure:
L+50 to 60 bps for 180 days usance from nationalized & foreign banks.

LC Limits are available on major global banks for discounting at competitive rates without recourse to supplier.
Foreign currency financing against SBLC/ADVANCE PAYMENT GUARANTEE issued by major PSU banks:
L+ 3 to 3.5% pa or fixed rate of 4 to 5% pa inclusive of all.

Offshore Bid bonds against counter guarantee by Indian banks:
40 to 50 bps

(All rates for your reference subject to credit worthiness of the borrowers and quality of project)


We work with over 150 overseas banks and financial institutions offering our clients with the competitive rates for buyers/suppliers credit, SBLC Discounting/Monetization, Structuring of APG/EPBG & arranging Long term ECBs (Capital Goods Imports, Modernization/Expansion, New projects, working capital).

We execute subsidiary setups in Mauritius & Hongkong along with Group level/Individual company working capital limits setup for Indian entities and subsidiaries through our associated banks in various countries.

We offer pre & post shipment finance without recourse basis, i.e. we arrange end to end supply chain finance through our partner large shipping company up to 80% of invoice value.

Confirmation of LCs issued by African Banks on behalf of the African importers, for exporters factoring and LC discounting offered on non recourse basis.

Special discounting lines available on Asian, Europe, GCC & African countries LCs or SBLCs.



Please contact trade@mecklai.com
or
call Mahaveer Reddy on 07208600363 or
call Vikas Jobanputra on 09820230906for fast action