MCG helps in import & Export Trade without risks!!!

1. MCG helps in import & Export Trade without risks!!! Merchant Credit and Guarantee Corporation Limited (MCG) helps in facilitating trade by providing facilitation and consultancy for international trade. We help in risk management for companies and clients to facilitate trade and business. Communication is the best key to establish good connections and relationships between buyers and suppliers. By interacting with various bankers and traders we establish and conclude trade credit lines for our clients. We specialize in trade finance banking instruments such as Letter of Credit, Standby Letter Of Credit, Commercial Letter Of Credit, bank guarantees, and performance guarantees. We are non-banking financial Trade Finance Provider facilitates international trade to expand your business. Letters of Credit are frequently used in the international trade industry so that the importers and exporters can take risks while having cross-border transactions. This is the document issued by the bank or financial institutions to the seller that he will receive the full payment from the buyer for the goods received within a given time. A Standby Letter Of Credit (SBLC) is banking document in which the bank guarantees to pay the seller in case the buyer or the bank’s client is unable to pay as per the agreement. This type of SBLC helps in international trade between countries that have different rules and regulations. There is a certainty that the buyer will receive the goods and the seller will receive the payment but SBLC doesn’t guarantee the satisfaction of the buyer after receiving the goods. Both these letters are used for international trade and ensure the financial safety between the importers and exporters. SLOC and or SBLC are a letter that is used by the seller as proof when there is a possibility of the buyer not paying the amount. Many different types of Letter of Credit are there such as: Commercial Letter of Credit- A commercial letter of credit is the direct payment method in which the issuing bank makes the payment to the seller of the goods. In contrast, a Standby Letter of Credit is a secondary payment method in which the bank pays the seller only when the buyer is

2. unable to pay. They are mainly used as a primary payment method in the export and import of physical goods in international trade. Revolving Letter of Credit- It is a guaranteed payment arrangement with a bank that facilitates repeat sales transactions in cross-border trade. In this, the importer does not have to obtain a letter of credit for every single transaction in the case where importers and exporters are engaged in repeat purchases of the same goods. Contact us on +6495244269, +642102679221 for any queries related to letters of credit or any other concern. Merchant Credit and Guarantee Corporation Limited (MCG) SOURCE LINK:https://bit.ly/3xyPC6Y ADDRESS: 32 Maranui Ave, EPSOM, Auckland 1051, New Zealand PHONE: +64 9 5244269 EMAIL: info@merchantcreditcorp.co WEBSITE: https://merchantcreditcorp.co/