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Showing posts from August, 2019

What is a Letter of Credit and How it Works?

In the arena of international trading, a letter of credit (LC) is a vital financial tool that helps streamline the export-import process and build credibility. To define, it is a letter from a reputable bank or financial institution that guarantees the exporter will receive payment from the importer on time and for the right amount as agreed upon. In case the importer is unable to make the purchase payment, the responsibility of paying the full or remaining amount rests upon the bank extending such a letter of credit.  Herein, the bank serves as an “impartial” third party whose key purpose is to ensure payment protection and facilitate hassle-free international trade process. There are specific conditions and obligations that the client must meet to get an LC from the bank. Similarly, the payment is released only when certain conditions are fulfilled. Taking into consideration the complexity of international trade finance – varying laws prevalent in the countries, distance and la

How does the SUISSE BANK PLC Function to Make a Difference in Today’s Finance Sector?

SUISSE BANK PLC has changed the way of international banking. In addition, licenses are granted easily the finance areas are growing remarkably together with a hi-tech and secure online verification system. The modern offshore SUISSE BANK PLC offers an array of benefits like international access, tax efficiency, and absolute confidentiality besides the optimum level of discretion. In fact, SUISSE BANK PLC is a trusted and steady haven for making and saving money with complete discretion. Making their services exclusive, SUISSE BANK PLC does not provide financial benefits to the residents of the United Arab Emirates. It only serves its approved clients, not the public. Offering an array of services to cater to corporate and private clients, this enterprising bank expertise in trade finance solutions, corporate and private banking and advanced blockchain services. SUISSE BANK  PLC is the world’s top financial institutions to offer reliable services with the utmost professionalis