Forfaiting, Short-Term Receivable Purchase
At ECFS we facilitate purchase purchases, without recourse, of Bank-guarantee receivables from Export sales, transforming a deferred-payment transaction into a prompt-payment one.
Supplier Credit Discounting
Involves purchase of Export Receivables originating from supplier's credit provided to buyer by Exporter on basis of a commercial contract, secured by insurance policy. Discount interest rate will be determined by nature of business
Buyer Credit Discounting
Buyer's Credit Facility has been applied in order to finance the purchases of goods &/or Services supplied under commercial contract cooncluded between the Exporter and buyer.
Export Credit Financial Services (ECFS) operates as a supervisedFinancial institution
It's dedicated to empowering small-scale exporters, farmers, women and low-income entrepreneurs with accessible and sustainable financial solutions. It's mission is to enhance financial inclusion and contribute to national development through targeted Export Credit Scheme.
- Asset Financing Loan
- Export Financing Loan
- Order Financing Loan
- Local Trading Guarantee
- Commodity Financing
- Local Factoring Facility
- Agriculture Financing Loan
- Inventory & Trade Finance
- Export Trading Guarantee
- Structured trade finance
Our Tailored Financing Services
Industries we focus to finance.
Industries
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Frequently asked questions & Searching answer.
01. What is Export Credit Finance?
Financial service providing credit facilities to exporters helping them fulfill international trade orders. It covers gap between shipping goods and receiving payment from foreign buyers, reducing risk of non-payment and improving exporters cash flow.
02. What Guarantee is required for Export Credit Financing ?
The guarantees required for Export Credit Financing may include:Insurance Cover, or Collateral Security, Bank Guarantee or Letter of Credit from the buyer’s bankPost-dated Cheques or Promissory Notes
03. How to Apply for Export Credit Finance?
Approach ECFS or export credit agency with your export contract, buyer details, and company financials. Fill the application form, provide required documents i.e invoices and shipping details. Wait approval based on risk assessment and credit terms.
04. KYC/documents required for Export Credit Financing
Company Registration Documents, Valid Export Contract/P.O, Proforma Invoice or Commercial Invoice.Tax Identification Number (TIN), National ID or Passport of Directors/Owners, Recent Financial Statements, Financial Credit Report .
05. Does ECFS offer Sharia Compliant (YES)?
ECFS has finance structures that adhere to Islamic banking principles, avoiding interest (riba) and speculative transactions (gharar). Instead, it uses Islamic contracts such as: Murabaha,Ijara,Wakala, Mudarabah/Musharakah
Benefits of Our Export Insurance to Buyers.
Insurance
Improve Liquidity & Competitiveness
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