Tradezone Trade Finance UK Ltd.

Company Description

Direct Provider, Financial Instruments Provider, Direct issuer fromBanks  (• #DLC • #SBLC • #BG • #POF • #PREADVICE)Tradezone Trade Finance LtdTradezone Trade Finance UK Ltd., Tradezone Trade Finance, offers letter of credit andother trade finance facilities for our clients enabling them toavoid tying up their own funds in transactions. We issueinstruments from prime banks, secondary banks, and financialinstitutions; and transmit SWIFT MT 760, MT 799, MT 700, MT 710, MT798, MT 999, and other messages on behalf of our clients. Most ofour solutions involve letters of credit. letter of credit is apromise of payment in return for documents submitted in a specifictime place and manner. There are two main reasons that clients useour Documentary LC facilities One client is regularly buying fromhis supplier. He is opening letters of credit, or making deposits,etc. This means that he is using his money (either depositing atthe bank or with the supplier) before he has the goods. When heopens the LC through us, he doesnt need to use his money until thegoods arrive. This can be 30, 60, 90, 120 days after the LC wasopened. The longer the manufacture and shipment period, the moreadvantageous it is for the client to use our letters of credit.Instead of locking his money up with his supplier, he can use hismoney to hold stock, finance credit terms to regular buyers,market, etc.The other type of client is a middleman. He has a buyer, and he hasa seller. His buyer wants to pay Cash against documents, or whenthe goods arrive, etc. The middleman needs to arrange for the goodsto ship so that he can finish the deal.The supplier wants a deposit or an LC before he will ship thegoods. The buyer opens the letter of credit through our company. Inthis way he doesnt need to use his own capital to do the deal. Heis less limited in the number of deals that he can do as middlemansince he doesnt need to use his own capital to do the deal.In some cases we provide a draft to a client, the draft isaccepted, and the client wishes to open the instrument, but he doesnot have enough funds to pay our issuance fee.Of the clients who fall into the above category, some state thatthe beneficiary of the instrument, or the beneficiary's bankers,will pay our issuance fees once they have received the original ofthe instrument.In order to assist these clients, we offer a solution that allowsthem to take advantage of this offer with significantly reducedupfront fees. We will send a SWIFT message to the bank of thebeneficiary asking them to acknowledgeBestRegardsTradezone TradeFinance Emai: [email protected]: tradezonegrou