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Merchant Credit and Guarantee Corporatio

Our company “Merchant Credit and Guarantee Corporation Limited (MCGCL)” is a Non-Bank Financial Company. We are in this business since 2000 and successfully handling a variety of broking and financial services. Now, our company with its principles and its squad of business experts with wide-ranging experience have become one of the best non-bank financial companies.

Merchant Credit and Guarantee Corporation Limited: Definition and advantages of Export Letter of Credit. A letter of credit is a very important tool for facilitating global trade.

Merchant Credit and Guarantee Corporation Limited: Definition and advantages of Export Letter of Credit

It advantages both the exporters and importers. An import letter of credit improves the credit value of the importer while an export letter of credit alleviates the credit risk for the exporter and helps perk up his cash flow. Here, we will be talking about Export Letter of Credit. So, let’s gather some important knowledge regarding it. Merchant Credit and Guarantee Corporation Limited (MCGCL) Letter of credit: some unknown factors you need to know! - Merchant Credit and Guarantee Corporation Limited. As you may know, A Letter of Credit is a payment term that is mainly utilized for long-distance and global business transactions.

Letter of credit: some unknown factors you need to know! - Merchant Credit and Guarantee Corporation Limited

Letters of credit are crucial for worldwide transactions as they make sure that payment will be obtained. Using documentary letters of credit in the USA lets the retailer to considerably decrease the jeopardy of non-payment for delivered merchandise, by replacing the jeopardy of the purchaser with that of the non-bank financial companies or banks. Letters of credit have become a vital aspect of global business, because of differing laws in every country and the complexity of knowing each party in person. The beneficial factors of Export Documentary Collection – Merchant Credit and Guarantee Corporation Limited. Wanna take Performance Standby Letter of Credit? Here’s what you need to know! Performance Standby Letter of Credit means a standby Letter of Credit under which the recipient is at liberty to draw thereon in the event that the account party (or the Person or Persons on whose behalf such Performance Standby was issued) fails to carry out a nonfinancial contractual duty.

Wanna take Performance Standby Letter of Credit? Here’s what you need to know!

Here are some important information regarding Performance Standby that you should know. Explore some significant information regarding Performance Standby letter of credit. How Document against acceptance can be helpful to you? Know here! - Merchant Credit and Guarantee Corporation Limited. Everything you need to know about commercial letter of credit - Merchant Credit and Guarantee Corporation Limited. “What is a commercial letter of credit” is a frequent question for business owners.

Everything you need to know about commercial letter of credit - Merchant Credit and Guarantee Corporation Limited

A commercial letter of credit is actually a contractual agreement between the banks or non-bank financial companies issuing the letter of credit that approves another bank to make payments to the recipient on behalf of the client. Some important information regarding Commercial Letter of Credit you need to know A commercial letter of credit is written on behalf of the client and lets a different bank than the one issuing letter of credit to make a payment to the recipient. In the letter, the issuing bank assures to allow draws made on the credit. The thought behind a letter of credit is similar to escrow. Proofs of Fund: definition and how you can get advantaged from it? – Merchant Credit and Guarantee Corporation Limited.

There are a lot of reasons for the use of proof of funds and they are really advantageous.

Proofs of Fund: definition and how you can get advantaged from it? – Merchant Credit and Guarantee Corporation Limited

The most used areas are project finance, trade finance, credit enhancement, global finance and several others. Getting access to these cash accounts is an additional matter. In today’s financial atmosphere it is near impossible for small to medium businesses to flourish. Before you know about anything else, you should know what a Proof of Fund (POF) is and some important factors regarding it.

Here’re the most important benefits of Financial Guarantees. Nowadays a lot of people are considering taking financial guarantees in order to secure their future financially.

Here’re the most important benefits of Financial Guarantees

What is a financial guarantee? It is a surety provided by a financial organisation or a financial institution that they will pay the debts incurred by an individual or an organisation in case they are unable to do so. When starting a new business you may feel you don’t have enough wages to buy some essential items, in this condition you can take advantage of Financial Guarantees. This helps a business to grow or expand by differing payment of services and goods they are utilising now to a later date. This is going to help you with investing a lot of money in your business and considerably grow.

The next few passages will be concentrating on the advantages of taking financial guarantees. The significant advantages of commercial letter of credit - Merchant Credit and Guarantee Corporation Limited. Find out some important factor regarding Direct Pay Standby – Merchant Credit and Guarantee Corporation Limited. Before making use of Direct Pay Standby or Standby Letter of Credit (SLOC), you have to know all the important things about it.

Find out some important factor regarding Direct Pay Standby – Merchant Credit and Guarantee Corporation Limited

A Direct Pay Standby or standby letter of credit (SLOC) is a legal document that promises a bank’s or a non-bank financial company’s commitment of payment to a retailer on the occasion that the purchaser–or the client–defaults on the agreement. A Direct Pay Standby or standby letter of credit helps ease international trade between companies that are not familiar with each other and have different regulations and laws. Though the purchaser is sure to receive the supplies and the retailer sure to get payment, a SLOC doesn’t promise the consumer will be happy with the supplies. A standby letter of credit or Direct Pay Standby can also be shortened SBLC. Here’s How a Direct Pay Standby Works A Direct Pay Standby or SLOC is most often sought by a company to help it get a contract. Know about the two main types of Direct Pay Standby: Like this: Like Loading... Merchant Credit and Guarantee Corporation Limited: The advantages of having a letter of credit you need to know!

Some significant factors to know about the documentary collections - Merchant Credit and Guarantee Corporation Limited. Do you want to improve your business?

Some significant factors to know about the documentary collections - Merchant Credit and Guarantee Corporation Limited

Do you want to engage in import and export business with foreign companies? If the answer to both these questions is yes, then you have to know about documentary collections (DC). In this article, the discussion will be on the documentary collection procedure. Keep scrolling this page and learn more important facts about Documentary Collections. Here’s the Definition of Documentary Collections Documentary collection (DC) is an international trade process. The benefit of a document against collection for an exporter Being an exporter, you will be able to enjoy these following points through the DC procedure: This procedure is far less complicated than other similar things. What are the advantages of acquiring financial guarantees? – Merchant Credit and Guarantee Corporation Limited.

Some important facts regarding Performance guarantees and its advantages. Performance guarantee is a promise that a person or a concern make that either the service will live up to certain expectation or the product will continue to work as expected for a certain time being.

Some important facts regarding Performance guarantees and its advantages

In the business world, there are countless such guarantees, each of them created in individual ways to define the commitment of the company and extent of future responsibility it has. Sometimes, some third parties guarantee the performance of something too, this is especially true when employing subcontractors.

If you want to clear up your conception regarding Performance Guarantees, read the next paragraph of this article. Explore some important benefits of getting bank guarantees – Merchant Credit and Guarantee Corporation Limited. What is a bank guarantee?

Explore some important benefits of getting bank guarantees – Merchant Credit and Guarantee Corporation Limited

It is a surety provided by a bank or any other financial institution that they will pay the debts incurred by an individual or an organisation in case they are unable to do so. When starting a business you may feel you don’t have enough money to buy some wages, in this condition you can take advantage of Bank Guarantees. This helps a business to grow or expand by differing payment of services and goods they are utilising now to a later date. This will help you invest a larger amount of money in your business. The beneficial factors of attaining Standby Letter Of Credit - Merchant Credit and Guarantee Corporation Limited. A letter of credit is a highly customizable and effectual form which can enable new trade relationships by diminishing the credit risk, but it has the capability of adding on to the cost of doing some uncertain business in the form of formalities or bank fees.

It is essentially a letter issued by one Bank to another concern as a guarantee of payment for a specific person on particular terms and conditions. According to people in some cases Standby Letter Of Credit actually works, when other payment options don’t. Merchant Credit and Guarantee Corporation Limited: The effective services one can attain from non-bank financial companies. The NBFC sector is now growing as an alternative to banks in almost all over the world. Those days are Gone when people used to stand in line for hours in order to get loans from banks. The arrival of Non-Banking Finance Companies has made it easier for the common people to avail loan facilities. The trouble-free accessibility and remote coverage make non-bank financial companies the most chosen option for borrowers these days in comparison to banks. There are several advantages to choosing NBFC over banks.