• International Banking
    • Refinancing

      Refinancing

      Refinance letters of credit not only provide importers with immediate cash flow, they also help protect individuals and businesses from political risk and non-availability of foreign currency.

      What’s more, refinance letters of credit help you take advantage of low international interest rates, compared with Rial credit facilities. This assists importers and manufacturers in lowering the final price of goods.

      • Refinancing at a glance
        • Examples of usage include importing raw materials, consumer goods, parts and production line machinery.
        • Short term arrangements: 1-year maximum credit term; also available for 3, 6 and 9 months.
        • Collateralized.
        • Minimum value of letters of credit for refinance: US $100,000 (equivalent).
        • Current refinancing rates are 2% above interbank rates.

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