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Financial Services
For Business
Expertise
40 Years
Company Presence
Worldwide
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Import/export

CREATE THE CONDITIONS FOR INTERNATIONAL TRADE

CREATE THE CONDITIONS FOR INTERNATIONAL TRADE

With Letters of Credit and Documentary Collections, Credit Glorious Property Holdings offers several solutions to protect buyers and sellers, both for imports and exports. We aim to ensure that trade in global commerce can take place under the best conditions. Our documentary credit products enable the purchase and sale of goods and services in an international context.

We offer an extensive suite of financial products designed to meet the security needs of our customers. We help them choose the right product, prepare the documentation, and carry out the transaction correctly in an increasingly complex economic environment.

Thanks to the most innovative technologies in the field and our teams' experience, we guarantee our clients fast delivery times and sure results.

NEGOTIATE

THE BEST POSSIBLE TRADE CONDITIONS

GUARANTEE

YOUR RELIABILITY

MINIMIZE

RISKS IN INTERNATIONAL TRADING

OPTIMIZE

YOUR CASH FLOW

PURPOSE

To do business abroad is essential to evaluate the risks of default and the choice of the carefully international payment method. 75% of companies operate in countries with a high country risk rate (political, economics, currency risks). At the same time, the remaining part carries out its activities in a fast-evolving and diversified context. In an economic relation, sellers and buyers have opposing interests: the first want to be sure to be satisfied with the goods and services bought. In contrast, the latter wish to receive the payment before going ahead with the exchange.

 

With the trade solutions offered by Credit Glorious Property Holdings, both of them will be able to mediate through their interests to start and consolidate international businesses without fear.

DOCUMENTARY COLLECTION IMPORT/EXPORT

Documentary collections are a compromise solution between le letter of credit and the open account. They offer greater protection of the trade risk than the latter, but less than the first. With this financial product, as for the letter of credit, the payment of a certain sum is guaranteed on the documents' delivery as required by the contract. Still, in this case the financial institute acts only as a trustee that delivers the documents under certain conditions. Yet, it is not given the irrevocable order to proceed with the payment.

In this case, the importing company protects itself because it pays the sums requested only after submitting the documents, and the exporting company protects itself against the risk of not receiving the sums agreed, but less strongly than with the letter of credit.

The documentary collection is a flexible economic instrument, but its use is recommended when the parties have already had business relations and the trade risks are lower, when there is no doubt about the fulfilment of the transaction's obligations or when the country risk rates are low.

THE BEST SOLUTIONS FOR YOUR SAFETY

Thanks to its professionals' expertise and know-how and its global presence as a recognized leader, Credit Glorious Property Holdings has a complete offer of financial products that can guarantee its clients' safety in all the international markets, be they imp or exporter. Our experience allows us to be a strategic partner able to create the best conditions to carry out your business safely and in every country.

IMPORT/EXPORT LETTERS OF CREDIT

The letter of credit is the most used international payment method in import/export transactions. It guarantees the transaction's success through an institutional intermediary, such as a bank, to whom is given the irrevocable order to pay a certain sum after receiving the documents.

This documentary credit involves four parties (applicant, beneficiary, issuing bank and advising bank). After theapplicant provides the documents in conformity with the letter of credit's resolution and the documents' delivery is successful, the exporting company will receive the payment agreed. With the letter of credit, intermediary banks have a payment obligation: that is why using it in your trade relations constitutes a choice with a high level of safety since it resizes the risks of default with a guarantee that goes through all stages of the transaction.

The letter of credit protects both the importing company because it involves payment only after the documents' emission (e.g. transport documents) and the exporting company. Opening a documentary credit, the bank cannot deny the payment once the papers have been issued correctly. It is often used when the companies do not know each other, when there are uncertainties for the importing company to meet its commitments or when the country risks are high.

It's an instrument with easy and uniform guidelines that include, however, a good outcome, a document's request according to international regulations (Uniform standard and practice by the international chamber of commerce and International Standard Banking Practice) meeting the deadlines.

Aspetta, non andare via!

                                                                       
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