We’ll help you expand your reach
Grow your business with our Export Financing Solutions. Our team provides export bill discounting, allowing you to receive the discounted value of your invoice immediately on shipment. We also offer export letters of credit discounting, helping you liquidate your receivables under export LCs. Our flexible and tailored financing options will support your export goals.
Export Bill Discounting
Our Export Bill Discounting service provides financing for credit extended for exports. With this service, you can get paid the discounted value of your invoice immediately upon shipment. Our export bill discounting service is designed to give you the financial flexibility you need to grow your business and ensure smooth operations.
Export Letters of Credit Discounting
Our Export Letters of Credit Discounting service allows you to liquidate your receivables under export LCs. This service provides a quick and hassle-free way to receive payment for your exports. With Export Letters of Credit Discounting, you can get paid the discounted value of your receivables, allowing you to manage your cash flow and keep your business moving forward.
We’ll handle your documents
Focus on growing business and let us handle your import and export collection documents. Our experienced team will work closely with you to manage all aspects of your import and export collections, including documentary credits, collections and remittances, with precision and reliability.
Documents against Payments (DP / CAD Basis)
Secure your payments with our Document against Payments (DP / CAD Basis) service. Easily manage the cash flow throughout the order and delivery process by providing payment commitments against transactions.
Documents against Acceptance (DA Basis)
Give your business the payment commitment it needs with our Document against Acceptance (DA Basis) service. With our reliable and secure Document against Acceptance service, you can have peace of mind and complete control over your business finances.
SME Prime Rate as of 1st May 2023
Effective 1st May 2023, the SME Prime will be revised to 15.50% per annum i.e. from existing rate of 15.00% to 15.50%. RAKfinance Loans availed against SME Prime Rate, Facilities which are offered against SME Prime Rate and granted through the Banking Arrangement Letter, or RAKislamic Trade Finance which are offered against SME Prime Rate and granted through the Financing Arrangement Letter duly executed by you will be eligible for this rate revision. All other Terms and Conditions set out for the above shall remain the same and continue to be in force.
At your service
TRADEASSIST streamlines trade finance transactions and provides a quick, efficient solution for our corporate and business clients. Our dedicated team is always available to assist and support you in your financial endeavours.
We’re here to help
Your all-in-one financial partner
Simplify your banking experience with our feature-rich app. From payments to payroll, our comprehensive Banking Solutions provide everything you need to manage your business finances from one secure and easy-to-use platform.
