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Bombay Mercantile Co-op. Bank Ltd. offers foreign exchange credit facilities to exporters and importers in the form of -

- FUND BASED FACILITIES:

- SERVICE FOR EXPORTERS

- EXPORT CREDIT FACILITIES:

The Bombay Mercantile Co-op. Bank Ltd. offers Fund-based export credit facilities by way of:

Pre-shipment Export Finance and

Post-shipment Export Finance

Pre-shipment Export Finance:

It is a working capital advance in the form of Packing Credit Loan for facilitating the Exporter clients in executing export orders on time.

The Packing Credit Loan facility is disbursed in

•  Indian Rupees

•  At concesstional rate of interest

Post-shipment Export Finance:

This is also working capital facility offered in the form of:

•  Foreign Bills Purchase and

•  Foreign Bills Negotiation under L/C

•  Advance against Export bills sent on collection

The Foreign Bills Purchase and Foreign Bills Negotiation under L/C facilities are also disbursed in

•  Indian Rupees

•  At concessional rate of interest

ADVISING OF EXPORT LETTERS OF CREDIT:

Export letters of credit received by us in exporter client's favour is advised promptly.

The exporter client may instruct their Overseas Buyers to utilise our services for faster advising of export letters of credit.

Our Bank also ensures prompt advising of amendment to the export letter of credit.

EXPORT BILLS ON COLLECTION BASIS:

BMCB handles export bills on collection basis accurately and speedily.

Documents are despatched for collection within 24 hours.

Handling of export bills are subject to UCPDC/URC, FEMA Rules.

 

IMPORT CREDIT FACILITIES:

The Bank offers Non Fund-based credit facilities by way of:

Import Letter of Credit Limit on D/P (Sight) as well as on Usance.

•  The Bank opens / establishes Import Letter of Credit in major permitted currencies in favour of Overseas Suppliers globally.

•  Letter of Credits are advised through major International Banks.

•  Arrangement is also made to add confirmation of Advising Bank to the Letter of Credit on request.

•  Any change in Letter of Credit, can be made with the consent of all the parties subsequent to opening / establishing of Letter of Credit, by way of Amendments.

•  Reimbursement is readily provided to the Negotiating Bank as per L/C terms.

Similarly Inland Letters of Credit are also established.

Issuing Performance, Bid-Bond and other guarantee on behalf of Indian Exporters.

We have arrangements for issuance of International guarantees on account of exporters of goods and services.

Import Bill Received for Collection

•  We also handle import bills received on collection basis sent by Overseas Suppliers through a Bank on the basis of documents against payment or on acceptance.

•  We also have extensive global correspondent network for effecting payments against documents received directly by Importers, subject to FEMA.

AHMEDABAD BRANCH

Chota Chand Suraj Estate,

Khanpur Road,

Ahmedabad 380 001

NEW DELHI BRANCH

36 Netaji Subhash Marg,

Darya Ganj,

New Delhi 110 002

KOLKATA BRANCH

1-B Circus Row, Park Circus,

Kolkata 700 017

HYDERABAD BRANCH

5-5-489, Hussaini Bldg., Complex,

Moazam Jahi Market Road,

Hyderabad 500 001

MORADABAD BRANCH

35, Prince Road,

Moradabad 244001

 

Entitlement of Foreign Exchange without prior approval of RBI for following purposes:

Purpose

Foreign Exchange

Business/Participationin International Conference/Seminars/Specialised training

Upto USD.25,000/- per trip for visits to any country other than Nepal & Bhutan.

Private Visit

Upto USD.10,000/- or its equivalent in one calendar year for one or more visits to any country except Nepal & Bhutan.

Employment abroad

Not exceeding USD.1,00,000/-

Emigration

Not exceeding USD.1,00,000/-

Higher Education

Upto the estimate given by an Institution abroad or USD.1,00,000/- per academic year, whichever is higher.

Medical Treatment / Hospitalisation abroad

Upto to estimate given by the Doctors in India for Hospitalisation/Doctors abroad or upto USD.1,00,000/- or its equivalent.

Maintenance expenses of a patient going abroad for treatment/checkup & for attaining higher education abroad

USD.25,000/- each for the patient and accompanying attendant.

OTHER SERVICES

•  Facilities to cover exchange rate risks

•  Collection of export bills

•  Foreign Currency Accounts for exporters e.g. Exchange Earners Foreign Currency &

•  Remittances of Agency Commission, Freight etc.,

N.B. Transactions undertaken strictly in conformity with the Norms prevailing under FEMA.

 

BOMBAY MERCANTILE CO.OP. BANK LTD.
FOREIGN EXCHANGE DEPT. MUMBAIMUMBAI

OUR NOSTRO/CORRESPONDENT BANK

Sr. No.

CURRENCY

NAME & ADDRESS OF NOSTRO

Correspondent's SWIFT BIC Code

ACCOUNT NO.

1)

AUD

Commonwealth Bank of AustraliaSydney, AU

CTBAAU2S

100184701 AUD 112601

2)

CAD

Bank of Montreal, Canada

BOFMCAM2

3169-1044-193

3)

CHF

UBS AG Zurich, Switzerland

UBSWCHZH80A

86.120.05b

4)

EUR

COMMERZBANK AG Frankfurt Germany

COBADEFF

400875123200
EUR

5)

EUR

Standard Chartered Bank Frankfurt Germany

SCBKDEFX

18256206
IBAN - DE95512
305000018256206

6)

GBP

Standard Chartered Bank, London, UK

SCBLGB2L

SORTCODE
609104
IBAN-GB43SCBL
60910412676788

7)

GBP

Habib Bank AG,
Zurich
London, United Kingdom

HBZUGB2L

00029006
SORTCODE
609194
IBAN - GB79HBZU
70067271029006

8)

SGD

Standard Chartered Bank,
Singapore

SCBLSGSG

0109304691

9)

SAR

The National Commercial Bank, Jeddah SA

NCBKSAJE

SA77100000555
35174000105

10)

USD

Standard Chartered Bank,
New York, US

SCBLUS33

3582023180001

11)

USD

Habib American Bank,
New York
United States

HANYUS33

20729228

12)

USD

COMMERZBANK AG
Frankfurt
Germany

COBADEFF

400875123200 USD


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