CITY BANK LIMITED TRADE SERVICES

CITY BANK LIMITED TRADE SERVICES is a financial institution, specifically a department within a commercial bank. It is neither a factory nor a trading company.

Company Introduction:

CITY BANK LIMITED TRADE SERVICES is a specialized division of The City Bank Limited, one of the leading private commercial banks in Bangladesh. This department is dedicated to providing comprehensive trade finance solutions and services to businesses engaged in international trade. Its primary function is to facilitate import and export transactions for its clients by offering a wide range of products and services, including:

Letters of Credit Issuance and Advising

Documentary Collections

Trade Guarantees and Standby Letters of Credit

Pre-shipment and Post-shipment Finance

Foreign Exchange Services

Trade Advisory Services

The division plays a crucial role in supporting the trade activities of various industries by mitigating risks, ensuring timely payments, and providing necessary financing, thereby contributing to the economic growth of Bangladesh. It leverages the bank's extensive network and expertise to offer efficient and reliable trade services to its corporate and commercial clients.

The City Bank Limited Trade Services offers the following products and services:

1. Import Services: These include various types of Letter of Credit (LC) such as Sight LC, Usance LC, Back to Back LC, Revolving LC, Transferable LC, and Standby LC. Other import services include Loan against Trust Receipt (LTR), Payment against Document (PAD), Loan against Imported Merchandise (LIM), Shipping Guarantee, and Import Bill Collection.

2. Export Services: This category covers Letter of Credit Advising, Letter of Credit Confirmation, Export Bill Collection, Pre-shipment Finance (including Export Cash Credit and Packing Credit), Post-shipment Finance (such as Foreign Bill Purchase and Loan Against Export Document), Export Development Fund (EDF) Loan, and Export LC Negotiation.

3. Guarantee Services: The bank provides various guarantees including Bid Bond, Performance Guarantee, Advance Payment Guarantee, Customs Bond, Labor Guarantee, Shipping Guarantee, and Counter Guarantee.

4. Other Trade Services: Additional offerings include Documentary Collection (DA/DP), Trade Information, and Advisory Services related to trade finance.