Emirates Citizen Bank

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Import Letters of Credit

Import Letters of Credit

Issuance
For customers with pre-approved facilities and using our network of correspondent banking relationships, we issue letters of credit on behalf of customers to suppliers located throughout the world for the purchase of goods and/or services.

L/C Terms
Customers/Importers will often require goods within a certain time frame and the documents to evidence that shipment has taken place. A letter of credit allows customers the opportunity to dictate terms in specifying a latest shipment date, documents required and expiry date for presentation of documents. The letter of credit is also limited to value.

Deferred Payment Terms
LC’s may be issued on deferred payment terms (if agreed with your supplier) giving customers the opportunity to sell the goods before having to issue their payment under the LC.

Treasury and Forex Services

The Corporate Treasury offers a vast range of services in foreign exchange and treasury tailor-made to meet our customers' specific requirements and objectives. With access to virtually all investment vehicles in Forex and Bonds Trading encompassing major financial centers, our highly competitive team of professionals provides guidance in an effort that objectives are achieved. Additionally, and based on an extensive network of correspondent banks, we serve a large and growing number of financial institutions customers, with a key presence locally, regionally and internationally, the latter positions Emirates Citizen Bank in a privileged spot allowing it to attend to the requirements of financial institutions and brokerage firms in order to fulfill their sophisticated needs in terms of financial markets instruments.

Treasury and Forex Services

Participations

Emirates Citizen Bank participated in the following:
Participant: Jordan Phosphate Mine Company, PLC (Jordan) - 2004
Lead Manager: Emirates Citizen Bank - USD 500 million Syndicated Loan - 2007
Lead Manager: Turkland Bank - USD 66 million and EUR 35 million – Club Term Loan Facility - 2008 You may reach us on 961 1 960505

Participations

Emirates Citizen Bank ( United Arab Emirates ) Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.  .

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