1. Documentary Credits:-
Documentary credits plays a major role in facilitating the international commerce as the credit offers facilities for the operations of importation and exportation and it enhances the trust and confidence between the importer and exporter.
Credits are covered via a wide network of correspondents across the worlds, in addition to the notification of the credits coming from all our correspondents all over the world by special commissions and an excellent service via a cadre of qualified employees to meet the needs of importer and exporter; the Customer must follow the following steps to benefit from this facility:
1. Open An Account in the QudsBank
2. sign the Documentary Credits Forms
3. provide Quds Bank with PROFORMA INVOICE between importer and exporter
4. Wait the administrative approval
5. Satrt Documentary Credits Cycle
2. Collection Bills:-
The collection bills are considered as one of the payment instruments in settling the prices of goods and/or services in international trade, where the seller (exporter) ships the goods to the purchaser (importer) and sends freight documents related such goods whether directly or via one of the banks operating in its residence country to one of the banks operating in the importer’s country to deliver them to the importer against the payment or signature on bills.
Collection bills are considered one of the most common payment methods in international trade, especially when there is big trust and confidence between the seller and buyer. Quds Bank collects and sends collection bills from and to all around the world with competitive fees and excellent service; the Customer must follow the following steps to benefit from this facility:
1. Open an Account in the QudsBank
2. Provides with the necessary administrative approvals
3. Payment The Quds Bank commissions
4. Receive the necessary Documents
3. Banking Guarantees:-
Banking guarantees represent an irrevocable commitment on the part of the bank, source of the guarantee, against the beneficiary, whereby the bank shall pay to the beneficiary a specific sum that does not exceed the guarantee value in case the guaranteed fails to comply with the conditions of the contract entered into with the beneficiary.
Such guarantees include:-
- Guarantees for entering into bids
- Performance bonds.
- Maintenance guarantees.
- Down-payment guarantees.
- Payment guarantees.
- Guarantees of travel offices, Hajj ad university services.
With competitive commissions and insurance rates, and fast obtaining and execution of administrative approvals; the Customer must follow the following steps to benefit from this facility:
- Open an Account in the QudsBank
- Provides with the administrative approvals
- Payment guarantees
- Signture the Quds Bank Applications
- In case the client is the contractor must provide the following information and Documents:
1. Contractor CV showing the projects and certificates
2. Projects under construction
3. Statement of contractor account in another bank
4. Guarantees issued to a previous year
5. Guarantees has been liquidated
6. Certificate from the Contractors Federation or any other
7. Equipment and machinery and assets for contractor works