Areas of Practice

Bills Of Exchange Discounting, Letters Of Credit, Promissory Notes And Invoice Factoring

Facilities are available for arranging the purchase, placement and discounting of acceptable Bills of Exchange and other approved instruments in accordance with the prevailing terms and conditions of the discount market, and the general rating and quality of the instruments involved. The minimum face value of any one transaction is two million five hundred thousand (€2,500,000) Euro or the equivalent thereof on other major currencies.

 

In addition to the foregoing, facilities are also available for the funding of approved and acceptable International Bankers Letters of Credit covering both principal and interest amounts. The maturity of such instruments should not generally exceed five years. In some case ten years can be considered and entertained, and also the purchase of interest bearing guaranteed Promissory Notes with maturities from six months to ten years.