BUSINESS NEEDS IT.
RNR Trade Corporation Company Limited
RNR Trade Corporation Company Limited (RNR) is a Non-Bank Trade and Financial Company that has been in business since 2000 handling various financial services. Today the company with its principles and its team of business professionals with varied experience in Banking and Financial Services have embarked on a boutique financial facilitation and consulting activity that specializes in the provision of Capital for Businesses through Trade and Financial facilitation which include but 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, most commonly of International Nature by Banks and Financial Institutions globally. RNR operates in a consultative capacity to bring the client within easy access of banking facilities and all the necessary paperwork and red tape that goes along with the entire process.
Today with its presence in Thailand NZ, USA and correspondents in Europe, U.S.A and the UK, RNR has unique link ups with Banking and finance institutions all over the world with superior connections for the issuances of just about any kind of commercially acceptable swift transmitted trade credit as the case may be.
For the past years, with our vastly simple, fast, honest service and professionalism, we have acquired immense trust and a huge Clientele globally. MCB is able to offer its consultancy and facilitation services to various countries across Asia, Middle East, North and South America, Europe and Africa.
If you believe that you are looking for trade finance for the financing of import and export or just simply open a letter of credit or a stand by LC, RNR is the one to call. We have arrangements with over 10 banks globally including banks like Wells Fargo, Citibank and others small and large to cater for your every need.
We Help you to Grow your Business
Our main areas of expertise are complemented by our local knowledge base and global market awareness for recommending customised trade credit solutions to meet almost all possible trade credit financial requirements.
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.