Merchant Trade Corp

Merchant Trade Guarantee Corporation Company Limited (MTG) is in the business of rendering Trade Finance Consultancy Services for over 20 years. We offer trade finance services tailored to your needs. We help in financing exports by offering arrangements such as forfeiting or factoring(a financial service which involves granting cash in advance against accounts receivable from foreign customers) and provide solutions to benefit all the participated entities such as sellers or suppliers to gain immediate cash flow risk-free or at low risk and buyers to earn reasonable risk-Adjusted returns. Trade finance is when an importer is asked by the exporter to pay in advance for the goods shipped. With MTG you get fast funding which helps you to take quick business decisions. You will enjoy a hassle-free experience with the digital interface. MTG as a trade finance company offers value-added services to its clients viz. Letters Of Credit, Standby Letter Of Credit, Bank Guarantee, Performan...

A bank guarantee is a promise made by the bank. They offer a contract between the two external parties - a seller and a buyer. It includes an applicant, the guarantee, and a beneficiary. The bank takes the liability of the contract with the buyer's debt, obligation, or default.   Bank guarantees are helpful for smaller businesses. With their due diligence, the bank offers credibility to the applicant as the trusted business partner. The bank puts a seal of approval and co-signing the documents on their behalf. It ensures that the contract is safe and trustworthy.  Types of Bank Guarantees You will get the assurance for the bank guarantees for a specific and a predetermined period. It mentions the circumstances under which they are capable of filling up the contract. A bank guarantee can be financial or performance - depending on its nature.  In the financial bank guarantee, the bank promises that the buyer will pay the due debt to the seller. But if the buyer fails t...

Assurance of payment is offered by a financial institution for a customer is known as 'last resort of payment' if the customer is unable to fulfill an agreement with a third party. The non-performing letter of credit is commonly known as standby letters of credit.   In this article, you will explore the non-performing letter of credit. So let's start.  The financial institution is liable for delivering the standby letter of credit also called a non-performing letter of credit. This will ensure the credit quality of the individual. The concerning authority will send a notice to the bank of the relevant party looking for the letter of credit. Benefits of Non-performing letter of credit Here are some of the reason why non -performing a letter of credit is beneficial: It will assist you to reach potential customers: establishing a new business connection is very difficult. It is really hard to locate a new buyer who is ready to make any prior payment to another person. By hav...