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AYA Trade services help streamline any method of payment in global trade, perform smooth operations, and build healthy supplier relations in your trading business.
Our dedicated international trade payment services team holds extensive experience of working closely with both importers and exporters and providing reliable trade solutions in the most beneficial way.
Available Trade Services
Import Services
Mitigate risk potential and trade securely
Benefit from our in-depth expertise in Letter of Credit mechanism
Quick Overview
How can we assist you with international trade settlement?
We undertake and issue a letter of credit (LC) on behalf of the buyer/ importer to ensure timely payment to the supplier within a designated time if all terms and conditions stated in the LC are met, and all required documents are obtained.
Benefits
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A secure method of settlement that reduces the risk of non-payment for delivering goods. |
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Support in building trust with your business partner relationship and future business opportunities. |
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Provide more comprehensive control over the process of importing goods. |
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Adopt UCP 600 (Uniform Customs & Practice for Documentary Credits) international trade regulations. |
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An efficient process to issue LC upon submission of required documents |
Our comprehensive import solutions support your business to expand and grow continuously
Quick Overview
How will the Bank assist for Inward Documentary Collection?
Inward Documentary Collection is the form of document we issue at the request of the importer to collect payments from the exporter. After the shipment of goods, the importer entrusts the trade document to us alongside specific instructions and terms for their release of goods to the exporter.
Classification
Inward collection has two forms including documents against payment (D/P) and documents against acceptance (D/A).
Documents against Acceptance (DA)
Releasing the import documents upon acceptance of the bills of exchange/drafts.
Documents against Payment (DP)
Releasing the import documents only upon payments.
Benefits
Making payments only after shipping confirmations, and thus improve cash flows and importers’ financial position.
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Cost-efficient and easy to use. Low facility fees, easy and simple procedures, and help control the costs |
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Added security. Payment is made only upon proof of shipment. Keep control of documents until the goods have been paid for or a bill of exchange has been accepted. |
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Universally regulated. Subject to globally recognized rules issued by International Chamber of Commerce. |
Export Services
All your essential needs for exporting business are fully covered by our all-inclusive export solutions
Enjoy greater security and accelerate your business growth confidently with Letter of Credit Advising and Negotiation
Letter of credit Advising is a service provided by AYA Bank whereby we advise a beneficiary (exporter) that a letter of credit (L/C) opened by an issuing bank for an applicant (importer) is available. We assure to authenticate the letter of credit issued by the issuer to avoid any forms of fraud.
Benefits of using Letter of Credit Advising
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Authentication is guaranteed as we firmly establish a good relationship with a wide range of correspondent banks. |
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Efficiently manage Letter of Credit (LC) collection |
Negotiation is the process whereby AYA Bank verifies documents and confirms the terms and conditions under LC on behalf of beneficiaries to avoid discrepancies. The documents must be conformed with the letter of credit. Depending upon the credit, the Negotiating Bank will either credit or pay the seller immediately under the terms of the letter of credit, or once it has received payment from the issuing bank. A credit trade line is required before utilizing the facility.
Benefits of using Negotiating Bank
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Provides value to the seller, assuming that the terms of the credit line have been met. |
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Provides certainty, the buyer could not cancel or amend without your consent |
A Second Payment Guarantee to the Letter of Credit
We provide a confirmed letter of credit for importers and exporters to go through deals confidently with one another and secure in the knowledge that we are adding our confirmation to a credit upon the issuing bank’s authorization or request.
Benefits
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The country risk and insolvency risk of the issuing bank are eliminated |
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Guaranteed payment, reduced credit risk, and be on a safe side |
Features
Only irrevocable letters of credit can be confirmed.
During the issuance phase of a letter of credit, “authorize or request” should be made to add our confirmation to the letter of credit.
Confirmation of the letter of credit is subject to terms and conditions and no obligation from the bank.
All your needs for your exporting business’s trading transactions are effectively facilitated.
Quick Overview
How will the Bank assist with Outward Document Collection?
AYA Bank issues at the request of the exporter to collect payments from the importer. After the shipment of goods, the exporter entrusts the trade document to us, with specific instructions and terms for their release of goods to the importer.
Classification
Outward collection has two forms including documents against payment (D/P) and documents against acceptance (D/A).
Documents against Acceptance (DA)
Releasing the export documents upon acceptance of the bills of exchange/drafts.
Documents against Payment (DP)
Releasing the export document only upon payment.
Benefits
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Export documentation processing is handled by a trusted agent (AYA bank) |
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Receive an immediate advance against approved facility |
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Secure and timely receipt of documents |
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Cost-effectiveness |
Other Trade Services
Lead your business securely with our Banker’s Guarantee
Banker’s Guarantee
How is the Banker’s Guarantee helpful to you?
A Banker’s Guarantee is a guarantee or an assurance that we provide to the beneficiary if the counterparty cannot fulfill the payment or meet its financial obligation of a contract.
The banker’s guarantee offers financial security to the beneficiary, encouraging them to enter contracts with or without having established relationships with the applicant, and curbs any form of financial loss occurrence.
Benefits
To the Applicant:
- Strengthening business growth and entrepreneurial activities that encourages small companies to secure loans or conduct business
- Credibility of the applicant increases on the issuance of the guarantee.
- Serve as guarantee document for government tender projects
- An easy process and requires minimal documents
To the Beneficiary:
- It is safe for beneficiaries to enter the contract knowing that due diligence’s been done on their counterparty.
- It serves as a risk management tool for the beneficiary as the Bank presumes the liability to ensure the counterparty fulfill its obligation.
- Bank Guarantee adds “Creditworthiness” to both the applicant and the contract.
To the Applicant:
- Strengthening business growth and entrepreneurial activities that encourages small companies to secure loans or conduct business
- Credibility of the applicant increases on the issuance of the guarantee.
- Serve as guarantee document for government tender projects
- An easy process and requires minimal documents
To the Beneficiary:
- It is safe for beneficiaries to enter the contract knowing that due diligence’s been done on their counterparty.
- It serves as a risk management tool for the beneficiary as the Bank presumes the liability to ensure the counterparty fulfill its obligation.
- Bank Guarantee adds “Creditworthiness” to both the applicant and the contract.
Features
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Customized and Flexible Solutions for a wide range of guarantees as per customers’ needs. |
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Fast issuance upon receiving all documents in order |
Types of Guarantees
Financial Bank guarantee
We guarantee on behalf of the buyer / borrower to repay the debts owed to the seller / lender.
Performance-based guarantee
The beneficiary can claim resulting losses from non-performance as laid out in the contract.