Import Trade Finance Solutions
Discounting Documentary Credits to Suppliers
A combination of tailor-made solutions depending on the market where you are active.
- Access to commercial credits
- Preferential unit prices of goods
- Payment to your suppliers and repayment of your obligations so as to best suit your business cycle
- Effective control of financial cost
- Improved financial statements
- Enhanced negotiating profile
- Strengthened relationships with key suppliers
Suppliers' Guarantee and Approved Invoices Financing
NBG provides guarantees to suppliers and ensures purchase of business claims.
As strategic trade partners are important to your business, NBG extends its services to your suppliers by discounting your payables to them or providing guarantees or avalized promissory notes. In this way, you ensure:
- Long-term and beneficial business relationships
- Instant solution for suppliers regarding issues of liquidity without them needing to use their credit lines
- Avoiding advance payments
- Balance-sheet improvement
- Planning payables in line with receivables
Integrated Management and Financing of Payables and Receivables
Integrated monitoring, management, collection and payment solutions across the whole supply chain, from pacing an order through to selling the imported goods in the domestic market.
- Easier access to financing when needed
- Reduced administrative costs for monitoring payables and receivables
- Advisory services and participation in the negotiations with suppliers and customers
Export Trade Finance Solutions
Discount Financing - Forfaiting
Ensure predefined terms for the purchase of your receivables as of the time of negotiation with your customer.
- Undertaking of risks in te markets where you're active
- Elimination of credit and other risks (interest rate and F/X risks)
- Enhancement of liquidity to cover your production cycle
- Avoidance of the need to borrow utilizing credit lines for other operational needs
- Improved financial statements
- Combination with pre-financing option
Prepayment of Export Documentary Credits
If you receive foreign letters of credit, you don't need to wait for their payment date.
- Liquidation of receivables
- Enhancement of liquidity thereby enabling you to continue your production cycle without interruption
- Elimination of country and counterparty risks
- Ability to provide commercial credit to foreign customers
- Enhance the competitiveness of your business
- Access to new markets
- Pre-shipment financing option
Integrated Management and Financing of Payables and Receivables
Across the whole supply chain, from placing an order for raw materials through to collecting receivables from international purchasers, you can benefit from NBG's integrated services.
- Financing of raw material purchases on favourable terms
- Avoidance of advance payments
- Enabling increase in turnover
- Strengthening negotiating power with key suppliers
- Planning payables so as to suit your business cycle
- Reduced administrative costs for monitoring payables and receivables
"OUTWARD ORIENTATION" programme
NBG actively puts efforts to support the Greek export. We have entered into agreement with the Export Credit Insurance Organization (OAEP) regarding financing of exporting businesses against OAEP guaranteed credits / invoices.
Through its "OUTWARD ORIENTATION" programme, under Law 1796/88, OAEP insures companies that export Greek products against specific risks, at a coverage rate of 80% per invoice and up to the total insurance amount of €1,000,000 (revolving amount) per exporting company. Invoiced credits with tenor between one and four months are eligible.
- Combination of credit insurance and financing
- Revolving credit line up to € 1,000,000
- Access to liquidity
- Reduced financing margin
- Ability to penetrate into new markets