ICICI Bank offers comprehensive range of Inland trade finance services that optimizes the working capital cycle, enabling you to extend & negotiate superior commercial terms with your customers and suppliers respectively. From financing your suppliers/vendors to the financing of your dealers, we structure and customize solutions suited to your specific business requirements.
Inland Letter of Credit Issuance
We issue Inland Letter of Credit on your behalf that helps you facilitate purchase of goods and negotiate for better terms with the suppliers. Our team of dedicated Relationship Manager/Account Manager advises you in drafting the terms and conditions of the Letter of Credit so as to protect your interest.
Inland Bill Discounting (Under Letter of Credit)
We provide finance by discounting inland bills drawn under Letters of Credit issued by scheduled commercial banks and MNC banks in India. We offer a single window contact, simplified processes and excellent turnaround time. Bill discounting facilities are customized to suit your requirement for short term finance at competitive rates, which enables you to have improved liquidity, accuracy and visibility of cash flow.
Inland Bill Discounting (Not under Letter of Credit)
We provide financing for bills drawn on documents against acceptance terms, to the extent of your sanctioned credit limits to help improve your cash flows.
Bills for Collection
ICICI Bank offers efficient Bill Collection services that ensure timely receipt of payments. Pro-active monitoring and diligent follow up results in effective control of timely realization of receivables.
By routing your inland bills through ICICI Bank, you experience fewer delays in receiving payments, receive customized MIS that is integrated to your ERP systems, gain increased control over your trade receivables and efficient cash flow management.