A client from SINGAPORE has an SBLC requirement for $4M going to his Switzerland supplier in the medical field. Fintech was able to issue the instrument through a UK issuer.
Amount: USD 4,000,000
Instrument: SBLC
A commodity trader in Brazil has closed a deal with his USA supplier that needed a trade instrument. The deal was facilitated through an SBLC involving a Frozen Food deal.
Amount: USD 6,000,000
Instrument: SBLC
A trading company in India wants to purchase Frozen Food worth INR 20,500,000 from a frozen trading industry in India. The supplier of the goods required the buyer for an LC. The trading company requested Fintech for assistance. Fintech facilitated a sight LC in the amount of INR 20,500,000 issued by our issuer to accommodate their transaction.
Amount: INR 20,500,000
Instrument: Letter of Credit
A trading and retail company in Kingdom of Turkey wanted to purchase 58 Suzuki Alto cars from a local master distributor. In order to successfully conduct this deal, they approached Fintech to issue an LC that will allow them to have a certain credit period. Fintech facilitated a Usance LC of USD 4,990,800. As a result, the cars were delivered to the buyer’s warehouse.
Amount: USD 4,990,800
Instrument: Usance Letter of Credit
A trading company in Hong Kong does not have any credit facility to use for purchasing of Frozen Chicken and Frozen Seafood from Indonesia and Malaysia. The Frozen Seafood & Frozen Chicken needed to be delivered to their clients in India. Fintech aided with creating a credit facility for them through one of our banks. Due to this, the trading company was able to do an LC issued under their name, in favor of their beneficiaries in Indonesia and Malaysia. Fintech assisted with the trading company’s requirement for a USD 4,313,750 LC to Indonesia for Frozen Chicken and another USD 4,210,000 LC to Malaysia for Frozen Seafood.
Amount: USD 4,313,750 and USD 4,210,000
Instrument: Usance Letter of Credit
A gold trading company had just opened a branch in the JAPAN seeking to buy gold bullions worth USD 7,100,000 from a refinery in Japan. The refinery requested them to issue a BG as security. Since they lack the credit facilities to fulfill the transaction, they have engaged Fintech to assist with the deal. Fintech facilitated a Bank Guarantee on the trading company’s behalf.
Amount: USD 7,100,000
Instrument: Bank Guarantee
A trading company in Kingdom of Saudi Arabia with a huge turnover had an order for tires. They had a supplier in Thailand who can satisfy this order but the supplier had wished to receive a Letter of Credit. The Saudi Arabian company, through reference, approached Fintech to make this transaction happen. Fintech facilitated an SBLC issued by one of our issuers worth $2,000,000.00 on behalf of the trading company, in favor of their Thai supplier so the two can conduct their trade transaction.
Amount: USD 2,000,000.00
Instrument: Letter of Credit
A Russian trading company had an existing order for paper and recycle plastic disposables with a supplier in UAE but could not go through with their deal as the supplier required them to issue a Letter of Credit. The trading company does not have the credit facility to issue the LC. Through a mutual party, the trading company was introduced to Fintech for assistance regarding their LC requirement. After careful review and revisions, the Letter of Credit draft was finalized and Fintech facilitated the issuance for the amount of USD 4,009,721.00 on behalf of the Russian trading company in favor of their supplier in UAE.
Amount: USD 4,009,721.00
Instrument: Letter of Credit
A Saudi client had a requirement of USD 6,000,000 SBLC. As a frequenter, they had the comfort and confidence that Fintech will deliver; the Saudi Client once again had approached Fintech for another SBLC requirement. Fintech facilitated their SBLC of USD 6,000,000 issued on behalf of the KSA client to their Thai Beneficiary.
Amount: USD 6,000,000
Instrument: Standby Letter of Credit
A KSA trading company had an ongoing deal with a local home appliance supplier. Their transaction was for SAR 2,125,000.00 and the supplier wished to receive an SBLC to move forward. The buyer was referred to Fintech to acquire the SBLC. Fintech facilitated the SAR 2,125,000.00 SBLC and had it issued from one of our banks on behalf of the buyer in favor of his supplier to assist the two parties with their business transaction.
Amount: SAR 2,125,000.00
Instrument: Standby Letter of Credit
An import-export company in India was in need of a Letter of Credit to commence a new business deal with a new supplier of sugar from Spain. The import/export company required an LC at sight to be issued to their Spanish supplier. Fintech facilitated a sight LC in the amount of USD 1,375,000.00 issued by one of our issuers. To this day, the import/export company became a regular client of Fintech.
Amount: USD 1,375,000.00
Instrument: Letter of Credit
A long-time client had a need for a RWA message, and we were able to facilitate his transaction by issuing the swift to his beneficiary in Portugal.
Amount: USD 5,000,000
Instrument: RWA
A client in Cambodia engaged in motor vehicle trading has secured a bank guarantee for their Chinese supplier. Fintech was able to issue the instrument.
Amount: USD 7,000,000
Instrument: SBLC
A sugar deal between a Singapore supplier and UAE-based buyer required a standby letter of credit for USD 2 Million, which we provided in no time.
Amount: USD 2,000,000
Instrument: SBLC
An oil deal in place between a Nigerian importer and UAE supplier was successfully done through the help of a trade instrument issuance by one of our banks. The deal needed a sight LC, which Fintech helped issue to a prominent bank in the supplier’s country.
Amount: USD 50,000,000
Instrument: Sight LC