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Merchant Credit and Guarantee Corporation Limited

Financial Consultation Services

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Merchant Credit and Guarantee Corporation Limited

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  1. ➢ Merchant Credit and Guarantee Corporation Limited (MCG) helps in facilitating facilitation and consultancy for international trade. We help in risk management for companies and clients to facilitate trade and business. trade by providing ➢ 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. 1 https://merchantcreditcorp.co/

  2. ➢ 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 unable to pay. ➢ They are mainly used as a primary payment method in the export and import of physical goods in international trade. 2 https://merchantcreditcorp.co/

  3. ➢ Documentary Collections are similar to letters of credit and are less expensive. They involve using a bill of exchange also known as a draft in which the importer is required to pay the face value either at sight or on a specified future date. ➢ Documentary Collections help in reducing the payment risks on international trade transactions and should only be used in the following conditions: when the exporter and importer relationship and the exporter is confident about the economical and political stability of the country. have a well-established 3 https://merchantcreditcorp.co/

  4. ➢ Guarantee means giving security. Bank Guarantees is a facility offered by the bank that ensures the buyers and sellers the security of guaranteed payment on behalf of their customers within certain regulations. The terms and conditions of documents should be examined as they may differ from bank to bank, and from transaction to transaction. ➢ Before the banks make the payment care should be taken to examine all conditions are satisfied. Such guarantees are generally used in business and personal transactions to safeguard third parties from financial losses. 4 https://merchantcreditcorp.co/

  5. Address: 32 Maranui Ave, EPSOM, Auckland 1051, New Zealand Phone: +64 9 5244269 Email: info@merchantcreditcorp.co 5 https://merchantcreditcorp.co/

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