TRADE FINANCE
Oxford Credit Bank (OCB) deals with market driven trade finance solutions to businesses across multiple sectors. The aim is to support Corporate and small business men in conducting international trade and offering value added services in the realm of import and export and trade credits.
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About Company
Oxford Credit Bank (OCB)
Oxford Credit Bank (OCB) is a Trade Finance Provider operating as a niche facilitation firm in London, United Kingdom that provides a wide range of pseudo advisory services in the commercial credit field to international MNC’s, SME’s and Startups.
Through our Principals and Associates, we have a track record in executing business transactions relating to structured trade credits and Trade Finance. Our main aim is to assist and expand our clients’ business opportunities and add value to their operations. We are committed to offering a high quality of workable solutions for our clients and hence we provide assistance that is grounded and fact-based allowing our clients to make informed strategic and commercial decisions thereby, aspiring to be a part of our clients progress and business growth.
LET US TAKE CARE OF YOUR CREDITS
LESS DOCUMENTS NEEDED
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FINANCE
DOCUMENTARY COLLECTIONS
What we do?
SERVICES FOR BUSINESS
Letter Of Credit
Letter of Credit means any arrangement, however, named or described, that is irrevocable and thereby constitutes a definite undertaking of the issuing bank to honour a complying presentation. It not only guarantees product protection but also ensures flexible payment terms.
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Standby Letter Of Credit
A Standby Letter of Credit is a guarantee that is made by a bank on behalf of a client, which ensures payment will be made even if their client cannot fulfil the payment. It is a payment of last resort from the bank and ideally, is never meant to be used.
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Bank Guarantee
A guarantee means giving something as security. A Bank Guarantee is when a bank offers surety and guarantees for different business obligations on behalf of their customers within certain regulations. It is generally a promise made by the bank to any third person to undertake the payment risk on behalf of its customers.
Performance Guarantee
Performance Guarantee is an agreement between a client and a contractor. The bank offers a guarantee to the client on behalf of a contractor that work will be done as per the agreement. A Performance Guarantee is issued by a financial institution or bank to a contractor to promise completion and the due performance of the works of the service, as described in the contract documents.
Documentary Collection
Documentary Collection occurs when a seller instructs his bank to forward documents related to exporting goods or services to the buyer’s bank, then requests to present these documents to the buyer for their payment. The contract will also include the terms and conditions under which conditions the documents can release to the buyer.
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Proof Of Funds Documents
Proof of Funds (POF) is a letter or documentation that certifies that an individual, institution or corporation has sufficient funds (money) to complete a transaction. POF document is typically issued by a commercial bank to provide confidence or assurance to another party, typically a seller, that the individual or entity in question has sufficient funds to complete an agreed upon purchase.