• Issuance of Letter of Credit

Letter of Credit (LC) facility is available for Importers to support their import requirement. Letter of credit is a surety to the beneficiaries abroad that their payment against under lying trade is secured by our bank.

•  Import Contract Registration

Registration of Contract Facility is available to importers who want to import through registered import contract with authorized dealer before importing goods.

• Import Inward Collection (Sight/Usance)

International trade payment (DP/DA) wherein shipping documents are received at bank’s counter through foreign bank / exporter without involvement of LC.

• Import Open Account Payment / Consignment Payment

We offer this facility to support remittance / import wherein shipping documents are received directly to importer/buyer from Seller abroad.

• Import Advance Payment without LC & without Contract

Import Advance payment enables our clients to remit payment abroad for subsequent import.

• Issuance of Shipping Guarantee

Shipping guarantee facility is also available for our clients wherein their consignment arrives at port, but original shipping documents are not received to release the shipment.

Trade Finance (Imports)

• Finance against Trust Receipt (FATR)

FATR is an import finance disbursed to an importer for making an import payment to the foreign/local buyer after presentation of documents under LC/Contract/Collection/Open Account.

• Foreign Currency Import Finance (FCIF)

FCIF is import finance in nature and can be disbursed for import payments in foreign currency by creating a foreign currency loan against the importer.

Trade Services processing is centralized at Two (2) locations in Pakistan on the following addresses:

1 Trade Services
8^th Floor, Shaheen Commercial Complex
Dr. Ziauddin Ahmed Road,
Karachi
Direct No: 0092 21 38907834
E-mail: Documents Team [email protected]

2 Trade Services
45-F, 2^nd Floor, Al Mustafa Centre,
Main Market, Gulberg, Lahore.
Direct No: 0092 42 35788464
E-mail: Documents Team [email protected]

JS Bank Limited, Pakistan will not be liable for any delays in payment/acceptance if the Import Collection Documents under URC 522 are delivered at any other locations in Pakistan.

Financing is available for exporters under the following schemes:

• ERF Scheme Part I & II
• EXIM Scheme Part I & II
• Rupee-Based Discounting (RBD)

These are applicable to eligible sectors and commodities as per SBP’s directions.

Note:
The ERF Scheme is gradually being phased out. Respective limits are now being enhanced under the EXIM Scheme.

ERF Part I

Financing is available at both pre-shipment and post-shipment stages against firm export contracts/LCs.

• Pre-shipment: Up to 180 days from the date of financing.
• Post-shipment: Up to 180 days from the date of shipment.

ERF Part II

Financing is provided on the basis of past year’s export performance, for a one-year tenor on a rollover basis.

• Performance Monitoring Period: July 1 to June 30 of each performance year.

EXIM Administered Export Finance Scheme (E-EFS)

Under the EXIM Bank-administered Export Finance Scheme (E-EFS), eligible exporters can avail financing under Part I and II.

• All other terms and conditions remain as per the ERF Scheme.
• Financing is extended by banks from their own liquidity.
• The Government of Pakistan provides a markup subsidy through EXIM Bank.

EXIM Administered Long Term Finance Facility for Plant & Machinery (ELTFF)

Financing is available for export-oriented projects that meet one of the following criteria:

• Annual exports equivalent to USD 5 million, or
• 50% of total sales (whichever is lower).

Financing is also available for new projects based on projected exports. These projects must meet the export target (USD 5 million or 50% of sales, whichever is lower) on a staggered basis over four years. Financing is available for up to 10 years, subject to the feasibility of the project.

Rupee-Based Discounting of Export Bills / Receivables (RBD)

To incentivize exporters, the State Bank of Pakistan (SBP) has introduced Rupee-Based Discounting (RBD) of export bills/export receivables under the Export Finance Scheme (EFS).

Key Features:

1. This incentive is available only if the foreign exchange linked to the export bill/receivable is sold through FX conversion, and the exporter receives rupee proceeds at the time of discounting.
2. Applicable for both pre-shipment and post-shipment export receivables.
3. Export bills/receivables related to proceeds realizable within 180 days from the date of shipment (extended from the previous 120 days) will be eligible only if the exporter opts for the facility:
   • Within 14 working days of the shipment date, or
   • Before shipment, i.e., via pre-shipment discounting.

Note: The maximum period under EFS/IERS must not exceed 180 days.
End-user rate as per SBP guidelines.
Rate (applicable post May 17, 2022)

Note: All refinance facilities by SBP and EXIM administered will be subject to availability of limits.

Financing is available for exporters under ERF Scheme Part – I & Part – II against the eligible sectors & commodities as per SBP’s directions.

ERF Part – I

Financing can be availed at pre-shipment and/or post-shipment stage against firm export contract / LCs. for the duration of 180 days tenor under pre-shipment and/or post-shipment from the date of financing and from the date of shipment respectively.

ERF Part – II

Financing can be availed on the basis of past year export performance for the one year tenor on roll-over basis. Performance monitoring period is from July 01, to 30^th June of each performance year.

Long Term Finance Facility for Plant & Machinery (LTFF)

• Financing is available to the export-oriented projects only having annual exports equivalent to US$ 5 million or 50% of sales, whichever is lower.
• Financing also available to new projects on the basis of projected exports. New projects are required to meet the minimum export target of LTFF (annual export equivalent to US$ 5 million or 50% of sales, whichever is lower) on staggered basis in four years.
• Up to 10 years depending upon feasibility of project

• A guarantee or standby LC provides your business counterpart with acceptable security if you (as the applicant) fail to fulfill obligations in the underlying contract. The benefits of guarantee / standby LC are as follows:
  • You can use it to guarantee payment in case of default or non-performance
  • It gives your business counterparty payment assurance to accept certain trading or dealing conditions
  • It allows you to leverage your credit standing to secure banking facilities for other companies
• Trading internationally or domestically, we offer the following guarantees / standby LCs to cover various risks:
  • Performance Bond
  • Tender Guarantee/Bid Bond
  • Advance Payment Guarantee
  • Payment Guarantee
  • Customs Bond
  • Financial Guarantees