bulletVacancies
bulletCRS - FAQ
bulletInterest Rates
bulletBank of Mauritius
     Template on Fees,
     Charges and      Commissions
bulletRequest & Feedback
bulletLoan Calculator
bulletOnline Applications
bulleteStatus
bulletCard Fraud Awareness
bulletCheque Truncation      System
bulletGuide For Guarantors
bulletFATCA
bulletMBA Code of Banking
     Practice 2016
bulletMBA Know Your
     Customer (KYC) Policy
 
 
 


SBM Letter of Credit supports you by facilitating the purchase of goods and services in international and domestic trading operations. Letter of Credit is an undertaking by a bank (opening/issuing bank) made to the seller (your supplier) on behalf of the buyer (you) to pay a certain amount if documents presented conform to terms of the Letter of Credit within a stipulated time period.

Features

  • two types of LC-usance and sight
  • secured method of international payment
  • guarantees payment to the exporter
  • preferred/secured way of importing goods/items into the country

Value Proposition for clients

  • facilitates your imports
  • documents are handled by the bank ensuring their legality
  • ensures timely delivery of goods by the exporter
  • payment to be made by bank only upon receipt of compliant documents
  • no payment required at the time of placing the order

Extra benefits

  • door-step service by professional team
  • dedicated SME hubs
  • quick response and speedy approval
  • customer-centric service approach
  • competitive pricing
  • negotiable exchange rates
  • close proximity to your office through our 39-branch network

^ Back to Top

Bank Guarantee is an irrevocable commitment by a bank to pay a specified sum of money in the event that the party requesting the guarantee fails to perform the promise or discharge the liability to a third person in case of the requestors default.

Several bank guarantees

  • tender bond
  • performance bond
  • advance payment guarantee
  • retention bond
  • money guarantee
  • suitable for job contracting, tendering of services, etc...
  • can be issued for specific business needs

Value proposition

  • can be issued to guarantee a specific action/need to an external party
  • helps you win/secure contracts

Extra benefits

  • door-step service by professional team
  • dedicated SME hubs
  • customer-centric service approach
  • quick response and speedy approval
  • competitive pricing
  • close proximity to your office through our 39-branch network
  • bancassurance available for all loan products

^ Back to Top

SBM offers the possibility to buy the bill (i.e. Bill of Exchange or Promissory Note) before it is due and credits the value of the bill after a discount charged to the customer's account. The transaction is practically an advance against the security of the bill and the discount represents the interest on the advance from the date of purchase of the bill until it is due for payment.

Features

  • advance payments against certified claim/invoices/accepted/avalised bill of exchange/Promissory Notes
  • suitable for job contractors/exporters

Value proposition

  • helps you with improved cash flows
  • realises sales proceed faster
  • brings down the receivables

Extra benefits

  • door-step service by professional team
  • dedicated SME hubs
  • quick response and speedy approval
  • competitive pricing
  • close proximity to your office through our 39-branch network
  • bancassurance available for all loan products
  • insurance available for collateral as well

^ Back to Top

 
  Call Us : (230) 202 1600
  Email Us
 
SBM SME Banking | SBM

HOTLINE : 207 0111 / 202 1500 [FROM 08:00 TO 18:00 MONDAY TO FRIDAY]

Sitemap |  Disclaimer | Terms & Conditions | SBM Bank (Mauritius) Ltd - All Rights Reserved | Business Registration Number: C07002193
 
Footer