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Finance Against Packing Credit
A facility offered to exporters to cater their working requirements.
This facility bears a very nominal markup rate to manage
pre-shipment needs, covering the cost of raw materials,
manufacturing, packing and shipment of relative goods.
Finance Against Foreign Bills
This is a post shipment advance granted to exporters upon
presentation of shipping documents. This facility bridges the gap
between the goods already shipped and payments against such
shipments awaited.
Import Letter of Credit
A very reliable mode whereby customers are facilitated to import the
goods against bank's undertaking either on Sight or Usance basis.
Goods imported through LCs minimize the inherent risk involved in
other type of import based transaction with regards to receipt of
payment to the exporters.
Inland Letter of Credit
A facility offered to our customers exclusively to cater their trade
requirements within the country. An inland LCs may be established
either at Sight or Usance basis.
Finance Against Imported Merchandise
A facility offered against pledge of goods imported through letter
of credit established by Atlas Bank, on markup basis for short term
period. The facility may be repaid within the validity period either
in part or in lump sum.
Finance Against Trust Receipt
A simple mode of financing executed through signing of a Trust
Receipt by a customer. FATR is a mark-up based facility and required
to be repaid with in a pre–agreed period. Main purpose of such
facility includes release of goods imported through a Letter of
Credit established by Atlas Bank.
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