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Trade Credit under RA Financing
Interest Rates & Charges
- The Reimbursement Authorization financing is a funding mechanism wherein the financing is made to the Suppliers’ Bank against receipt of:
- Reimbursement authorization from LC opening Bank / Importer’s Bank,
- Reimbursement claim from Supplier’s / Exporter’s Bank
- Easy access to Foreign Currency Funds sitting in India.
- Advantage of same Time Zone
- Dedicated Relationship Manager
- Period: For Import of Capital Goods -3- years from the date of shipment & For non-capital goods, this period shall be up to one year or the operating cycle whichever is less.
- Person resident in India acting as an importer
- The rate of interest to be charged should be competitive depending upon the prevalent market conditions, our cost of funds, amount and tenor of the loan etc.