Welcome to Didar GmbH, your trusted partner in providing secure and efficient financial solutions to facilitate global trade. Our expertise includes Letters of Credit (LC), Standby Letters of Credit (SBLC), Bank Guarantees (BG), and RWA/POF/BCL, tailored to meet your specific international business requirements.
Types of Bank Guarantees:
- Performance Guarantee: Secures performance commitments.
- Payment Guarantee: Ensures payment upon contract terms.
- Bid Bond Guarantee: Supports bidding processes.
- Advance Payment Guarantee: Secures refunds for advance payments.
Benefits of BG:
- RWA (Ready, Willing, and Able): A formal document confirming the bank’s readiness to issue financial instruments.
- POF (Proof of Funds): Verifies the availability of funds for a specific transaction.
- BCL (Bank Comfort Letter): Provides assurance of financial stability and capability to meet obligations.
Benefits:
At Didar GmbH, we ensure a streamlined process for issuing trade finance instruments like LC, SBLC, and BG. Below are the detailed steps for customers to follow, to ensure full compliance with KYC requirements and seamless transaction execution.
Step 1: Submit Required Documents and Information
To begin the process and finalize the draft, clients must provide the following documents:
- Filled Application Form: Complete the provided application form or submit a Proforma Invoice/Sales Contract.
- Company Trade License: A valid trade license for verification.
- Owner and Shareholders’ Identification: Passport copies of the business owner and all shareholders.
- Bank Statements: Last three months’ bank statements for financial verification.
- Audited Financials: Audited financial statements for the previous year.
- Shareholding List: A document showing the ownership structure of the company.
Step 2: Draft Preparation and Bank Selection
- Once all required documents are submitted, we assist in selecting a suitable issuing bank or financial institution based on the client’s trade needs.
- Our team collaborates with the bank to prepare a draft of the financial instrument for the client’s review.
Step 3: Client Review and Approval of Draft
- The client thoroughly reviews the draft to ensure all information is correct.
- For any corrections, additions, or removals, we assist in amending the draft until it aligns with the client’s preferences.
- Once finalized, the client sends us:
- A signed and stamped copy of the draft (with an authorized signatory’s approval).
- An email confirming approval of the draft.
Step 4: Invoice and Payment
- We will issue an invoice for the agreed-upon charges.
- The client makes the payment as per the invoice to proceed with issuing the financial instrument.
Step 5: Issuance of the Financial Instrument
- Upon receiving the payment, we coordinate with the issuing bank or financial institution to issue the financial instrument (LC, SBLC, or BG).
- The issuance process is completed via SWIFT or courier within 7 working days, depending on the bank’s policy.
Step 6: Receipt of Issued Instrument
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- We assist the client in obtaining a copy of the issued financial instrument via email for their reference and records.
Whether you require LC, SBLC, BG, RWA, POF, or BCL, Didar GmbH is here to support your international trade goals. Let us simplify your transactions and secure your business operations.
Reach out today to learn more about our services and how we can help your business thrive in global markets.
