Silent Payment Guarantee (SPG)

Silent Payment Guarantees and Receivable Discounting (SPG & RD) is a product primarily aimed at servicing the requirements of energy companies that have receivable obligations from buyers (who may or may not be a client of the bank) which are major oil companies in the market. The underlying commodity (oil) is of strategic importance for the buyer’s country and by providing a guarantee to the sellers (the exporters), the bank covers the credit and insolvency risks of the buyer (importer), and country risk relating to foreign currency payments (guarantee excludes performance issues, commercial disputes, counter claims, fraud etc.)

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Additional Services

Testimonials

Application Form Downloads

Trade Finance

Application – Letter of Credit

Application – LC Amendment

Application – Shipping Guarantee

Draft (Bill of Exchange) – LC and Collection

Application – Loan Trust Receipt (LTR)

Application – Letter of Guarantee

Authorization Letter on the Fixed Deposits, Deposits under Demand, Special Deposits and Alternative Deposits

Cash Management

Application – Remittance

Application – Standing Instruction

Global Transaction Banking

Online Services Registration Form (Corporate & Commercial)

eTrade guideline for LC / LG issuance

Achievements

Best Trade Finance Provider - 2021

Best Partner Bank Award - 2019

Best SME Card - 2014

Best SME Customer Service