TRADE FINANCE & CONSULTANCY
When the Trade Finance is the subject it is obvious that, without the support of the banks and the financial organizations, international trade wouldn’t develop in such a vast markets. Banks and financial organizations has supported the importers and the exporters by providing Letters of Credit (LC), import bills for collection, shipping guarantees, import financing, performance bonds, export LC advising, LC safekeeping, LC confirmation, LC checking and negotiation, pre-shipment export finance, export bills for collections, invoice financing, and all the relevant document preparation.
As the global economic crisis continues we are seeing an incresing trend to apply commercial lending organizations rather than the banks. Relatively increasing number of small and medium size companies are satisfied by these commercial lending organizations in developing their export/import businesses and also they receive other supporting services for the growth.
ULCC is one of those companies, supporting the corporates in the international trade almost A to Z.
ULCC, plays role in facilitating trade, insuring transactions, promoting exports, creating jobs, and increasingly through direct lending which are highly important in the current global downturn for the corporates.
ULCC, through its increasing popularity in global markets; follows the changes in global regulations and tracks the law firms building in-house legal teams that contribute to making deals happen.
ULCC, promises payment to your supplier as per your agreement by issuing Letter of Credit which enables your supplier assured that he will be paid subject to his performence in conformity with the Letter of Credit terms. This means, your supplier starts working with you on an open account basis, in other words you make regular payments for a continuing flow of goods rather than specific transactions prior to the deliveries. As importer, you have a gain becouse in this way you can use your cash flow freely for your other needs until your supplier has performed besides being sure that you will receive your supplies in confirmity with your agreement. Your exporter gains, becouse he is assured that he will be paid against his performance and he can make his cash flow planning more efficently.
n this transaction the banks are in gain also since they are earrning through the issuence of letter of credit and cash transactions involved and they have got anearning with no risk and less cost through a client most probably they would reject its application for a credit line. ULCC also gains in the deal becouse it has you as a client and as you grow ULCC will grow.
It is not only a win situation by having three lemons in a horisontal raw but four lemons in a vertical and horizontal raws. Much bigger win since you will continue to expand your market and get more suppliers.
ULCC is not only in service of Importers but also supports the Exporters. As already said, majority of the world market works on an open account basis. As an exporter company, when you work on open account brasis, you have assured payment securities but you may be in need of cash to supply in accordance to your agreements. ULCC, provides you cash flow by Forfaiting, in other words discounting your receivables from your importers. Thus you receive your payment earlier than the due date and now you can solve your cash problems or use this cash for developing your business and increasing your supply volume.
ULCC, may enhance your credibility in the banks, with its sureties, bank instruments and cash flow management supports as well as in the trade competiton, and more...
ULCC service in trade finance may seem to be more or less same to the other consulting companies, but ULCC asseverates that it is definitely not and ULCC is irrepressible in this field of service packs