RNR Trade Corporation Company Limited

RNR Trade Corporation Company Limited (RNR-TCCL) is a Non-Bank Financial Company that has been in business since 2000 handling various financial and broking 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 consulting activity that specializes in the provision of Capital for Businesses, 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. We Offer Trade Finance service by providing Letter of Credit (LC, DLC, MT-700), Standby LC (SBLC, MT-760), Bank Guarantee (BG, MT-760), Performance Guarantee, Bankers’s Draft and Bank Comfort Letter (BCL, MT-799), without obtaining any financial collateral. Read More

Letters of Credit

Letters of Credit are as old as banking itself. They are based upon the fact that the creditworthiness of an unknown Buyer is thus replaced by the creditworthiness of a known Bank or financial company. RNR Trade Corporation Company Limited (RNR-TCCL), often has to stand in the shoes of its customers and give some form of undertaking that payment will be made provided certain conditions are complied with. This mechanism is called as Letter of Credit or Documentary Credit. Read More

Standby Letter of Credit (SBLC)

A guarantee of payment issued by a bank on behalf of a client that is used as "payment of last resort" should the client fail to fulfil a contractual commitment with a third party. SBLC are created as a sign of good faith in business transactions, and are proof of a buyer's credit quality and repayment abilities. The bank issuing the SBLC will perform brief underwriting duties to ensure the credit quality of the party seeking the letter of credit, then send notification to the bank of the party requesting the letter of credit. Read More

Bank Guarantee

A document that demonstrates that a person has the ability and funds available to use for a business transaction. It usually comes in the form of a bank, security or custody statement. The purpose of the document is to ensure that the funds required for the transaction are obtainable and legitimate. RNR Trade Corporation Company Limited (RNR-TCCL), are a trusted Proof of Funds facilitator that has been relied on for several decades by many thriving businesses in the financial industry.
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