National Bank

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FINANCE AGAINST IMPORTED MERCHANDISE
This type of advances are granted against the pledge of imported merchandise. The goods imported are pledged by bank. Bank pays all the charges to exporter and customs and keeps the goods in its control. On payment from the client to bank, the bank releases these goods.

EXPORT REFINANCE PART-I PRE-SHIPMENT
This type of loan is provided by the bank to the customer at the rate of 12% for the period of 150 days. The bank provides this type of advance facility to those exporters who have not enough money to make shipment. To promote the export, the government pursue the Banks to provides loans to the exporters.
 

EXPORT REFINANCE PART-I POST SHIPMENT
This type of facility is provided to the customers who have enough amount of money to make first shipment but not more. So the bank issues a loan to the exporter, this financing is for period of 150 days. Finance is provided by the SBP to exporters for the purchase of raw material and for its processing packing and shipment. The mark up rate currently set by the SBP is 12%. In case, if the party is unable to make the shipment within 150 days of financing. The party has to pay certain amount of finance as asked by the SBP and after 150 days the markup rate also charges up @ 60 paisa per thousand per day. So usually exporters tries to make the shipment within the fixed period set by the SBP which is usually 150 days.

EXPORT REFINANCE PART-II
In this case the bank after receiving the performance of years in export business of the party the limit is set for a period of one year. Here the limit cannot be set by the terms pledged of the permission of the bank.
 

FINANCE AGAINST PURCHASE OF COLLECTION DOCUMENT
The bank provides this type of advance facility to those exporters who have not enough money to make shipment. A bill(Cheque, draft, etc.) may be purchased by the bank. Bank pays the amount to the client after deducting its commission.

FINANCE AGAINST FOREIGN BILLS
This facility is given to the exporter, If he needs an urgent money. Bank also provides finance against the foreign bills. He gives bills of exchange to the bank as a security and bank send these bills for collection and bank gives money to he exporter.

FOREIGN BILL PURCHASE
The exporter which are under L/C are also provided with the facility of loan. Amount is given to the exporter after the approval of L/C by the issuing bank.

 

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