Trade Finance

With the growing international trade business and Nepal being hugely dependent on import business, along with the scope of increasing exports, there has always been a need of facilitating importers and exporters with the systematic and smooth transaction of international trade. Realizing the need of effective and efficient trade finance transactions and with the vision to integrate the trade finance with systematic operations and thereby increase the market share in non-funded business, Nepal Bank Limited commenced centralization of trade finance through Central Trade Finance Division, Head Office from 2073/11/15.

TRADE FINANCE PRODUCTS OF NBL

Nepal Bank Limited, Central Trade Finance Division is striving towards providing secured and timely service in trade finance transactions along with advisory services regarding the technical aspects associated with trade finance transactions. NBL's trade finance products are structured to cater the growing needs of related stakeholders in imports, exports and guarantees. Our comprehensive trade service includes:-


WHY CHOOSE NBL FOR TRADE FINANCE SERVICES?
  • Applications can be submitted in any branch of Nepal Bank Limited.
  • Applications received are processed within the same day. (subject to compliance of regulatory requirements and bank policies)
  • Claim of guarantees are accepted from any branch of Nepal and the same shall be settled within 7 working days (subject to valid claim and compliance of regulatory requirements and bank policies)
  • Broad network worldwide for global correspondence and effective transactions.
  • Advisory services as per the client requirements with our experienced trade finance team.
  • Insurance services.
  • Competitive rates and charges in banking industry of Nepal.

SERVICE CHARGES AND COMMISSIONS
S.No. Types Commission Per Quarter Minimum Commission Remarks
IMPORT LETTER OF CREDIT
1. SIGHT/REVOLVING LC 0.10% RS. 1500/- 0.10% OR NRS. 1500/- WHICHEVER IS MORE AND ADDITIONAL SWIFT CHARGE RS. 1500/- FOR SWIFT TRANSMISSION.
2. USANCE LC* 0.20% RS. 2000/-
3. LC AMENDMENT IN TERMS OF LC AMOUNT AND TIME PERIOD 0.10% RS. 1500/-
4. LC AMENDMENTS OTHER THAN LC AMOUNT AND TIME PERIOD -- RS. 1500/-
5. LC CANCELLATION -- RS. 1500/-
6. LC SETTLEMENT WITHOUT ANY LOANS -- Rs. 500/-
7. DISCREPANCY CHARGES -- USD 50/-
INR- RS. 3500/-
NRS-RS. 2000/-
8. TEXT AUTHORISATION CHARGES -- USD 20/-
9. CLEARANCE OF LC DOCUMENTS FROM OTHER BANKS -- RS. 1000/-
* IN CASE OF USANCE LC 0.10% OR RS. 1000/- SHALL BE CHARGED UPFRONT AT THE TIME OF OPENING OF LC AND AND 0.10% OR RS. 1000/- AT THE TIME OF LC DOCUMENT COLLECTION.
EXPORT LETTER OF CREDIT
1. LC ADVISING WITH ADDITION OF CONFIRMATION 0.25% RS. 1000/- WHICHEVER IS MORE AND ADDITIONAL SWIFT CHARGE RS. 1500/- FOR SWIFT TRANSMISSION.
2. DOCUMENT COLLECTION CHARGE 0.15% Rs. 1000/-
3. ADVISING OR FORWARDING CHARGE -- RS. 2000/-
4. LC AMENDMENTS ADVISING CHARGE -- RS. 1000/-
5. Test AUTHENTICATION CHARGE
UPTO USD 1,00,000/-
ABOVE USD 1,00,000/-
--
USD 20/-
USD 50/-
GUARANTEES
1. Bid Bond 0.25% RS. 500/- 0.25% OR NRS. 500 WHICHEVER IS MORE.
2. PERFORMANCE BOND 0.375% RS. 500/-
3. PAYMENT GUARANTEE 0.375% RS. 500/-
4. COUNTER GUARANTEE IN NRS. CURRENCY 0.25% RS. 1600/- ADDITIONAL SWIFT CHARGE RS. 1500/- FOR SWIFT TRANSMISSION.
5. COUNTER GUARANTEE IN IRS. CURRENCY 0.25% IRS. 1600/-
6. COUNTER GUARANTEE IN FORIEGN CURRENCY 0.25% USD 50/-
7. ADVISING GUARANTEES
AUTHENTICATION CHARGES
AMOUNT CHARGES
UPTO USD 500 USD 10
USD 501 TO USD 1000 USD 20
ABOVE USD 1000 USD 50

(PRICES ARE SUBJECT TO CHANGE UPON MARKET CONDITIONS AND CAN BE NEGOTIATED UPON MUTUAL AGREEMENT)


CONTACT DETAILS

Manager
Mr. Arjun Bahadur Kandel
Central Trade Finance Division
Nepal Bank Limited
Mobile: 00977 9851231225, Ph: 00977- 1- 4225905, Fax: 4231987
Hunting Lines: 4221185, 4239888, 4247999