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 Suisse Bank Plc

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We, I-Cash Fintech, are introducing agents by Suisse Bank PLC, Digital Offshore Bank.

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Key features of I-Cash Fintech, Costs & Charges:

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  • No upfront or advance charges

  • No Obligation Terms Offered

  • No fees or charges to Brokers

  • 100% Client Confidentiality

 

                          



The "financial instruments" play an important role in international cross-border transactions. 

We support international clients to open bank accounts with Tier 1 Bank Nat-West, UK, and Trade Financial Instruments for exporters, importers, and contractors across nations. 

The client onboarding happens through 100% digital, and our onboarding process gets completed in 30 minutes at the comfort of your computer and smart phone for digital KYC verification.

                                                 GET YOUR ALL-IN-ONE WALLET 

Have access to our outstanding products and services without the hassle of traveling, having a registered business, or a residency in the UK !  We onboard clients from worldwide jurisdictions!

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INTERNATIONAL TRADE FINANCE

Suisse Bank's Trade Finance solutions are advised globally using Swift MT760/710 from one of the world's largest and most trusted banks in the Middle East, facilitating business expansion, imports and exports.

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Letter of Credit Deferred

A deferred letter of credit is an agreement where the beneficiary receives payment at a future date after fulfilling the terms of the contract.

Advantages:

  • Buyer Flexibility: Allows buyers to manage their cash flow by delaying payment.

  • Exporter Assurance: Guarantees payment at a specified future date, reducing risk.

  • Trade Facilitation: Encourages trade relationships by accommodating buyer payment schedules.

  • Interest-Free Payment Deferral: Unlike loans, deferred payments through letters of credit do not accrue interest.

Example: An importer might agree to pay for goods 60 days after shipment, using a deferred letter of credit to assure the exporter of eventual payment.

Performance Guarantee

A performance guarantee ensures that a contractor or supplier fulfills their obligations under a contract.

Advantages:

  • Contractual Security: Provides assurance to the beneficiary that the project will meet agreed standards and timelines.

  • Minimized Financial Risk: Guarantees compensation if the contractor fails to deliver as promised.

  • Builds Trust: Strengthens the business relationship between clients and contractors.

  • Encourages Compliance: Motivates contractors to adhere to project specifications and deadlines.

Example: In a construction project, a performance guarantee ensures that the contractor completes the building as per the agreed terms.

Standby Letter of Credit (SBLC)

SBLC is a guarantee issued by a bank to ensure payment in case the client fails to fulfill their obligations. It is commonly used in international trade and large-scale projects.

Advantages:

  • Default Protection: Acts as a safety net for the beneficiary, ensuring they receive payment even if the client defaults.

  • Credit Enhancement: Improves the creditworthiness of a business, making it easier to secure contracts or loans.

  • Cross-Border Transactions: Facilitates international trade by offering a reliable payment mechanism across jurisdictions.

  • Cost-Effective: Often more affordable than other forms of financing or collateral.

Example: An exporter shipping goods overseas can rely on an SBLC to ensure payment from the importer, even if the importer’s business faces challenges.

Proof of Funds  (POF)

Proof of Funds is a document issued by a financial institution confirming that an individual or organization has sufficient funds for a transaction.

Advantages:

  • Transaction Transparency: Assures sellers or partners that the buyer has adequate financial resources.

  • Negotiation Strength: Boosts the buyer's credibility, enabling smoother negotiations and faster deal closures.

  • Global Acceptance: Recognized worldwide, facilitating international real estate, mergers, and large-scale acquisitions.

  • Fraud Prevention: Reduces the risk of fraudulent buyers or financial scams in significant transactions.

Example: A company looking to acquire a competitor can use a POF to demonstrate financial capability to the seller.

Bank Guarantee (BG) 

A bank guarantee is a promise made by a bank to compensate a beneficiary in case the bank’s client fails to meet financial or contractual obligations.

Advantages:

  • Risk Mitigation: Provides assurance to the beneficiary that their investment or contractual obligations will be honored.

  • Enhanced Credibility: Businesses using bank guarantees showcase their financial reliability, boosting their market reputation.

  • Global Trade Facilitation: Encourages international business by reducing the risk of default between parties in different countries.

  • Flexible Usage: Suitable for various applications, including loans, trade agreements, and lease payments.

Example: A contractor can obtain a bank guarantee to assure the project owner that the work will be completed, or the owner will be compensated.

Documentary Letter of Credit (LC)

Letter of Credit at Sight

This is a type of letter of credit that ensures immediate payment to the beneficiary upon presenting the required documents.

Advantages:

  • Immediate Payment: Provides quick liquidity to exporters once the necessary documents are verified.

  • Secure Transactions: Ensures that payment is made only if contractual obligations are met.

  • Minimized Default Risk: Reduces the exporter’s exposure to payment delays or buyer insolvency.

  • Trusted International Trade Tool: Widely accepted by banks and businesses across the globe.

Example: An exporter shipping goods can use a Letter of Credit at Sight to receive payment as soon as they submit the shipping documents to the bank.

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