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RNR Trade Corporation Company Limited
RNR Trade Corporation Company Limited (RNR) is a Non-Bank, Trade and Financial Consultancy Company that has been established for over 20 years. The company has been engaged successfully in trading business activities for many years. This skilled knowledge base and experience has complimented very effectively in handling various types of trade financial services.
The company with its principals, its team of business and trade credit finance professionals has varied and vast experience in Banking and Trade Financial Services. This has grown to a collaborative group with RNR having created a specified and boutique firm capable of offering financial and consulting services related to business and trade finance. The company is selective on the clients that it feels able to represent the best. The benefit to the client, once onboard, is that RNR provides its focused attention and resources to support the client’s trade activities and avails all possible resources suitable for growth.
RNR has seen that clients have taken advantage of access to more capital for businesses through trade and financial facilitation. This includes and is not limited to import/export transactions that mostly involve supporting credit facilities, financial assurances, issuing or broking in financial instruments to back up payment commitments, obligations, and purchase of goods. These types of business activities again are not limited and are accepted internationally by banks and financial institutions globally. RNR operates in an advisory, consulting, and brokerage capacity to supporting the clients’ needs for easier access to banking trade facilities. The involvement is engaging with the client from inception of a transaction to completion ensuring all documentation and deal flow is closely monitored throughout the process.
RNR Trade Corporation Company Limited has an international presence through its principals, associates, and professional network in Thailand, New Zealand, USA and having correspondents in Europe, United Kingdom, and the USA. RNR is able to draw upon these established relationships with bank and finance institutions and have access for services in issuances of various commercially acceptableSWIFT transmitted trade credits.
Our established presence has snowballed over the years in being in business for decades. We have the added advantage of the principals, partnerships, and associations working with us over many years and in this specialised area of trade credit finance. We are by nature people oriented and our investment in our time and effort lies with our clients personally and having a keen interest in their business. At the heart of the relationship lies mutual respect for transparency, integrity, and abiding by ethical business principles.
RNR has been able to grow its reach for its niche and in demand services in consultancy, advisory, and brokerage services to clients in various countries across Asia, Middle East, North, and South America, Europe, and Africa.
We would be pleased to hear from you if you are looking for a personal and professional service for your business and trade finance. We have the experience and know how to identify and offer suitable trade financial options for the financing of import and export activities and in the buying and selling of goods or services. There is an array of financial instruments available that we can select and cater to specific needs. They include Letter of Credit, Stand by LC, and a host of others. RNR has arrangements with several banks and financial institutions from those being well known to niche entities catering from small to large business entities and transactions.
We Help you to Grow your Business
Our main areas of expertise are further complemented by our ability to access and have local knowledge. This baseline advantage and global market awareness for recommending customised trade credit solutions to meet trade credit financial requirements have served our clients very well.
Letter of Credit means any arrangement, however, named or described, that is irrevocable and thereby constitutes a definite undertaking of the issuing bank to honour a complying presentation. It not only guarantees product protection but also ensures flexible payment terms.
A guarantee means giving something as security. A Bank Guarantee is when a bank offers surety and guarantees for different business obligations on behalf of their customers within certain regulations. It is generally a promise made by the bank to any third person to undertake the payment risk on behalf of its customers.
A Standby Letter of Credit is a guarantee that is made by a bank on behalf of a client, which ensures payment will be made even if their client cannot fulfil the payment. It is a payment of last resort from the bank and ideally, is never meant to be used.
Performance Guarantee is an agreement between a client and a contractor. The bank offers a guarantee to the client on behalf of a contractor that work will be done as per the agreement. A Performance Guarantee is issued by a financial institution or bank to a contractor to promise completion and the due performance of the works of the service, as described in the contract documents.
Documentary Collection occurs when a seller instructs his bank to forward documents related to the exporting of goods or services to the buyer’s bank, then requesting to present these documents to the buyer for their payment. The contract will also include the terms and conditions under which conditions the documents can released to the buyer.
Proof of Funds is a letter or documentation that certifies that an individual, institution or corporation has sufficient funds (money) to complete a transaction. A Proof of Fund document is typically issued by a commercial bank to provide confidence or assurance to another party, typically a seller, that the individual or entity in question has sufficient funds to complete an agreed upon purchase.