INDUSIND BANK:Fund Based Services (FB) Working Capital Finance We offer working capital facilities - both fund-based and

fee-based. Fund-based working capital products include cash credit, overdraft, bill discounting, short-term loans, export financing (preshipment as well as post-shipment). Fee based facilities include letters of credit and bank guarantees.

Working Capital facilities are provided to finance the day-to-day business requirements. Funding requirements are structured to finance procurement of raw materials/stores and payment towards manufacturing costs and other overheads. Sales are financed against sundry debtors/ receivables. The Bank offers a combination of operative cash credit and working capital demand loan to meet the domestic working capital requirements of our clients.

Short Term Finance The Bank offers short-term loans for a period ranging from 3 months to 12 months to sound corporates for meeting their specific short-term working capital requirements. The funds are provided with interest rates either linked to our BPLR or at a fixed rate with varying repayment patterns.

Bill Discounting This product enables corporates to fund their operating cycle right from the stage of procurement to sale. Bill Financing is extended by IndusInd Bank to its clients at competitive rates. Letter of credit backed bill discounting and clean bill discounting are the convenient mode of financing for domestic trade transactions. BOE could be broadly classified into Demand and Usance bills and are further classified into clean and documentary bills

Export Finance As an important incentive to the exporters community for boosting exports, financial assistance in Rupees is extended to exporters on priority basis on relatively liberal terms. Such finance is provided both at pre-shipment stage (as working capital finance) and at post-shipment stage (to bridge the time lag between the shipment of goods and the realisation of proceeds). Interest charged on export credit is exempted from the purview of interest tax.

Term Lending We offer term loans to both Industrial as well as Infrastructure sectors promoted by strong business houses. These loans are for a period of 3-5 years with a moratorium period. Interest rates could be fixed or floating linked to the bank's BPLR. Buyers Credit / Suppliers Credit This facility provides total flexibility to corporates to utilise the line (sanctioned limit) of credit. The terms of the line of credit are either predetermined or negotiated at the time of availment. This facility is used as and when the client has a requirement

Asset based financing Two Wheeler Loan Construction Equipments

Non Fund Based Services Letter of Credit The Basic objective of Letter of Credit is to facilitate orderly movement of trade. It is therefore necessary that the evidence of movement of goods is present. Banks are not connected with the quality / quantity of the goods and are concerned only with the documents which should conform to the terms and conditions of Letter of Credit.

IndusInd Bank establishes Letters of Credit for inland and foreign transactions.

Bank Guarantees Bank Guarantee is a contract to perform the promise or discharge the liability of a third person in case of his default. IndusInd Bank sanctions Bank Guarantee limit to facilitate issue of guarantees on behalf of its clients. Various types of guarantees offered are financial, performance, bid bond, tenders, customs, etc. Our guarantees are well accepted. Our overseas correspondent bank alliances also enable us to issue guarantees overseas for participation in global tenders, etc.

Bank Guarantees A bank guarantee is a one-way contract between a bank as the guarantor and a beneficiary as the party to whom a guarantee is made

IndusInd offers local and foreign currency bank guarantees issued on your behalf against specified collateral for your business needs. We offer various types of guarantees - performance, financial, bid bond, tenders, customs etc.

Our guarantees are well accepted by all government agencies including Customs, Excise, Insurance Companies, Shipping Companies, all Capital Market Agencies such as NSE, BSE, ASE, CSE etc. and all major Corporates.

We issue guarantees in both foreign as well as local currencies against specified collateral to help your business grow with ease.

Trade Finance Trade Finance requires banks to address the various challenges involved in each of the trade finance lifecycle stages efficiently ,and simultaneously complying with pertinent regulatory processing standards.

IndusInd Trade finance solutions aim to ensure optimization of receivables and payables while bringing predictability in the cash flows through faster and smoother transfer of funds and documents.

Buyers Credit As an importer, you can avail of Buyers Credit facility at very competitive rates. You can make the import payment to your overseas supplier by availing the buyers credit and you can then repay the lender at a later date. The funding * is arranged from our corresponding bank network and you can avail of this product in major currencies. Availing buyers credit would be subject to compliance with the banks internal process and policy requirements.

LC backed bill discounting* We can discount LC backed usance bills at competitive rates on acceptance from the L/C Issuing or Confirming Bank.

Spots and Forwards Forward Contract When your business is involved in the international trade in goods, services or capital, you will be confronted by currency fluctuations.

We offer you a wide selection of innovative products and services combined with the support of our research and team of specialists.

A Forward contract, determined on the basis of the spot rate and the interest rate differential between the two currencies involved, is an obligation to buy or sell a certain amount of foreign currency on a certain date in the future.

This allows a company to hedge against currency movements between the date of ordering goods and their delivery and carries little risk if the deal goes through smoothly.

Types of FX deals
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Spot Deals Exchange covered for value date equal to 2 working days Cash Deals covered for the same day Tom Deals Exchange covered for next day Forward Deals Exchange covered for a value date later than 2 working days IndusInd has a strong risk advisory platform and on-the-ground local expertise providing a forward market-making capability for every freely traded currency.

EEFC Accounts Exchange Earners Foreign Currency Account Indian exports have surged over the last decade owing to an unprecedented boom in sectors like software, biotechnology, gems, jewellery, textiles etc. As a result of this, the volume of inward remittances has also increased significantly. To shield the firms engaged in regular export and import from the exchange rate fluctuations, RBI has allowed parking of foreign currency by exporters in an account designated as Exchange Earners Foreign Currency Account (EEFC). Currently, EEFC deposits are in the form of a current account and do not attract any interest earning. Features & Benefits EEFC accounts are offered without any minimum balance requirements. Along with the account, we will offer you the following set of services:
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Foreign Cheque Collections: You can deposit foreign currency cheques payable anywhere in the world. Our wide coverage, enabled with the help of correspondent bank network will ensure that the cheques are credited to the Account extra fast.

Foreign Currency Drafts: Using your EEFC Account, you can also purchase Foreign Currency Drafts in USD, GBP, EURO, AUD & CAD. There will not be any foreign currency margin on the same.

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Free monthly statements will be available on demand Foreign Currency Cheque Book for international transactions, on demand Cash withdrawal from EEFC account: Withdrawals in foreign currency is permitted only against applicable conversion margin, whereas there is no restriction on cash withdrawals in Indian Rupees.

Cash deposit into EEFC Account: Deposits in foreign currency is permitted only against applicable conversion margin.

Remittances from EEFC Account: In lieu of currency conversion margins, the EEFC Accounts will be eligible for the following special rates: Import transaction - 0.125% on the amount involved Export transaction - 0.25% on the amount involved Non-export remittance - 0.125% on the amount involved

Eligibility A person residing in India may open, hold and maintain the EEFC Account, subject to terms and conditions as may be specified by RBI from time to time including the FEMA Regulations 2000 governing EEFC Account and the Foreign Exchange Management Act, 1999. Currently, we are offering EEFC Account in major currencies - USD - US Dollars, EUR - Euro and GBP - Sterling Pounds, AUD Australian Dollars, CAD Canadian Dollars, JPY Japanese Yen, AED - UAE dirham.

Special FCY Account Special Foreign currency accounts for residents We offer facilities to open all types of special foreign currency accounts as permitted by RBI under FEMA with exclusive personalized service. These accounts can be opened by both individuals as well as business entities.

Special Foreign Currency Account for Overseas Tour Operators In an increasingly liberalized era, RBI has allowed Indian overseas tour operator to open special foreign currency current accounts for parking the subscription received from Indian Tourists traveling abroad under the package tour and mitigate foreign exchange risk of various payments to be made to tour operators outside India.

Resident Foreign Currency (Domestic) Reserve Bank of India permits a person resident in India to open, hold and maintain with a licensed Bank (which is also an Authorised Dealer) in India a Foreign Currency (Domestic) Account and foreign exchange acquired from any of the sources specified as under can be kept in this account by the resident.
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While on visit to any place outside India by way of payment for services not arising from any business in or anything done in India; or

From any person not resident in India and who is on a visit to India, as honorarium or gift payment for services rendered or in settlement of any lawful obligations; or

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By way of honorarium or gift while on a visit to any place outside India; or From an authorized person for travel abroad and represents unspent amount: or Gift received from close relative; or Foreign exchange earned through export of goods and/ or services; or royalty, honorarium etc.

International Drafts International draft is a convenient mode of payment when the beneficiary abroad prefers the payment in a non-electronic mode. We issue FCY drafts in all major currencies within 1 working day of receipt of complete documentation as per bank guidelines at competitive rates.

Drafts issued by us are drawn on our own international correspondent banks world-wide thus providing a rapid and easy access of funds to your beneficiary.

We also provide collection facilities for foreign currency cheques/Drafts or Travelers Cheques of different currencies.

You can avail of our FCY DD facility to make payments for various purposes like:
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Payment of University fees abroad Making a gift remittance to a friend or relative Payment of application fees. Payment for medical treatment abroad And all other permitted purposes as per the RBI guidelines.

Exporters IndusInd Bank offers a wide range of export services designed to assist you in building on your strengths, so that your company can seize new business opportunities around the world. Exporters can face significant risks when they undertake international trade, not least the fear of delay or non-payment. Whether you are a new or long-established exporter, IndusInd Trade Services can help you to reduce risks, allowing you to focus on growing your export business.

Export Bill Collection Services For exporters, export bill collections is a more secure option than trading on open account terms because the shipping document will be delivered to the importer only against payment or an acceptance to pay on due date. Routing your bills through us ensures that you realize your export proceeds with fewer delays gaining increased control over export receivables and efficient cash flow management. We ensure prompt efficient and timely dispatch of your documents through our tie-up with internationally reputed Courier agencies.

Export LC Advising A Documentary Credit ("DC") opened by the overseas importer's bank, will be checked for authenticity and couriered across to your doorstep. With our specialist team, we can explain complex LC terms and assist you in preparing your documents besides advising LC for you.

Export LC Confirmation When you are not comfortable with the credit standing of an LC opening bank or if you are worried about the political climate or credit risk of the buyer's country, we are there to assist you with our LC confirmation services. Once we add our confirmation, you are assured of payment, subject to documents being as per L/C terms & conditions, even in the case of non-payment by the L/C opening bank.

LC backed Export Bill Discounting We can discount your export bills at competitive rates upon receipt of acceptance from the L/C Issuing or Confirming Bank. The discounting would be subject to compliance with the banks internal process and policy requirements

Importers IndusInd Bank offers wide range of import services delivered by our experienced trade team who will ensure your transactions are handled efficiently, smoothly and without delay.

Import Letters of Credit We issue Import Letters of Credit on your behalf that give you the advantage with your suppliers. The ability to provide timely information shared online can help to speed up the shipment of goods. The team of experts at IndusInd can help you prepare import L/Cs and advise on the best ways to ensure that your suppliers meet your terms.

Import Collection Bill Services The Import Collections are a common and flexible method of payment for goods purchased from your suppliers abroad. This require careful and accurate attention to bills of exchange, stamping requirements on bill of exchange, bills of lading and other documents. We act as a trusted third party for handling shipping documents, and provide intermediary services to facilitate trade settlement with quick turnaround and competitive bank charges

Direct Import Bills The FEMA allows you to receive Import Documents directly from the overseas supplier subject to certain conditions. IndusInd Bank ensure quick and efficient settlement of your direct imports leveraging our SWIFT tie-ups with our vast corresponding bank network

Advance Payment towards Imports Whenever you want to make any advance payment to your supplier overseas, we can advise you on various provisions in FEMA relating to advance payments and assist you in efficient and faster remittance to your supplier at competitive rates. We further ensure that the remittance happens swiftly at competitive rates. Arranging for Buyers Credit In many cases, IndusInd can offer interest rate arbitrage opportunities to take benefit of lower interest rates in overseas markets. Using our wide network of correspondent banking

relationships, we can arrange for financing your import requirements by way of buyers credit.* at competitive rates.

Standby Letter of credit We issue Bank Guarantees in Foreign Currency on behalf of Importers for all approved purposes as defined under FEMA, subject to availability of credit limits or against 100% cash margin.

*Conditions apply

UNION BANK OF INDIA:Non Fund Based Finance The Bank provides services for issuance of Guarantees on behalf of Indian Exporters for purposes related to Exports such as

Performance Bid Bonds Advance Payment

FUND BASED FINANCE:External Commercial Borrowing (ECB) & Trade Credits ECBBank facilitates corporates in sourcing their External Commercial Borrowings and Trade credits in Foreign Currency, for permitted purposes. Trade Credits-

Bank also arranges Buyer's Credit from its Foreign Branch(s) for importers at competitive rates.

RBI Exchange Earner's Foreign Currency (EEFC) Account (Updated as on 09.10.2012) Q 1. What is an EEFC Account and what are its benefits? Ans. Exchange Earners' Foreign Currency Account (EEFC) is an account maintained in foreign currency with an Authorised Dealer i.e. a bank dealing in foreign exchange. It is a facility provided to the foreign exchange earners, including exporters, to credit 100 per cent of their foreign exchange earnings to the account, so that the account holders do not have to convert foreign exchange into Rupees and vice versa, thereby minimizing the transaction costs. Q 2. Who can open an EEFC account? Ans. All categories of foreign exchange earners, such as individuals, companies, etc. who are resident in India, may open EEFC accounts. Q 3. What are the different types of EEFC accounts? Can interest be paid on these accounts? Ans. An EEFC account can be held only in the form of a current account. No interest is payable on EEFC accounts. Q 4. How much of ones foreign exchange earnings can be credited into an EEFC account? Ans. 100% foreign exchange earnings can be credited to the EEFC account subject to the condition that the sum total of the accruals in the account during a calendar month should be converted into Rupees on or before the last day of the succeeding calendar month after adjusting for utilization of the balances for approved purposes or forward commitments. (A. P. (DIR. Series) Circular No. 12, dated July 31, 2012). Q 5. Whether EEFC Account can be opened by Special Economic Zone (SEZ) Units? Ans. No, SEZ Units cannot open EEFC Accounts. However, a unit located in a Special Economic Zone can open a Foreign Currency Account with an authorised dealer in India subject to certain conditions. SEZ Developers can open EEFC Accounts. Q 6. Is there any Cheque facility available? Ans. Yes; Cheque facility is available for operation of the EEFC account.

Q 7. What are the permissible credits into this account? Ans. i) Inward remittance through normal banking channels, other than remittances received on account of foreign currency loan or investment received from abroad or received for meeting specific obligations by the account holder; ii) Payments received in foreign exchange by a 100 per cent Export Oriented Unit or a unit in (a) Export Processing Zone or (b) Software Technology Park or (c) Electronic Hardware Technology Park for supply of goods to similar such units or to a unit in Domestic Tariff Area; iii) Payments received in foreign exchange by a unit in the Domestic Tariff Area for supply of goods to a unit in the Special Economic Zone (SEZ); iv) Payment received by an exporter from an account maintained with an authorised dealer for the purpose of counter trade. (Counter trade is an arrangement involving adjustment of value of goods imported into India against value of goods exported from India in terms of the Reserve Bank guidelines); v) Advance remittance received by an exporter towards export of goods or services; vi) Payment received for export of goods and services from India, out of funds representing repayment of State Credit in U.S. Dollar held in the account of Bank for Foreign Economic Affairs, Moscow, with an authorised dealer in India; vii) Professional earnings including directors fees, consultancy fees, lecture fees, honorarium and similar other earnings received by a professional by rendering services in his individual capacity; viii) Re-credit of unutilised foreign currency earlier withdrawn from the account; ix) Amount representing repayment by the account holder's importer customer, of loan/advances granted, to the exporter holding such account; and x) The disinvestment proceeds received by the resident account holder on conversion of shares held by him to ADRs/GDRs under the Sponsored ADR/GDR Scheme approved by the Foreign Investment Promotion Board of the Government of India. Q 8. Can foreign exchange earnings received through an international credit card be credited to the EEFC account? Ans. Yes, foreign exchange earnings received through an international credit card for which reimbursement has been made in foreign exchange may be regarded as a remittance through normal banking channel and the same can be credited to the EEFC account. Q 9. What are the permissible debits into this account?

Ans. i) Payment outside India towards a permissible current account transaction [in accordance to the provisions of the Foreign Exchange Management (Current Account Transactions) Rules, 2000] and permissible capital account transaction [in accordance to the Foreign Exchange Management (Permissible Capital Account Transactions) Regulations, 2000]. ii) Payment in foreign exchange towards cost of goods purchased from a 100 percent Export Oriented Unit or a Unit in (a) Export Processing Zone or (b) Software Technology Park or (c) Electronic Hardware Technology Park iii) payment of customs duty in accordance with the provisions of the Foreign Trade Policy of the Central Government for the time being in force. iv) Trade related loans/advances, extended by an exporter holding such account to his importer customer outside India, subject to compliance with the Foreign Exchange Management (Borrowing and Lending in Foreign Exchange) Regulations, 2000. v) Payment in foreign exchange to a person resident in India for supply of goods/services including payments for airfare and hotel expenditure. Q 10. Is there any restriction on withdrawal in rupees of funds held in an EEFC account ? Ans. No, there is no restriction on withdrawal in Rupees of funds held in an EEFC account. However, the amount withdrawn in Rupees shall not be eligible for conversion into foreign currency and for re-credit to the account. Q 11. Are there any restrictions on accessing the forex market by the EEFC account holder ? Ans. EEFC account holders are permitted to access the forex market for purchasing foreign exchange only after utilizing fully the available balances in the EEFC accounts . Accordingly ADs are required to obtain a declaration, while selling foreign exchange to their constituents. Q. 12. Whether the EEFC balances can be covered against exchange risk? Ans. Yes, the EEFC account balances can be hedged. The balances in the account sold forward by the account holders has to remain earmarked for delivery. However, the contracts can be rolled over. Q. 13. Whether EEFC Account is permitted to be held jointly with a resident close relative? Ans. Resident individuals have been permitted to include resident close relative (s) as defined in the Companies Act, 1956 as a joint holder (s) in this EEFC bank Account. However, they shall not be eligible to operate the account during the life time of the resident account holder (A. P. (DIR. Series) Circular No. 15, dated September 15, 2011).

Export Credit Guarantee Corporation of India Ltd. ( ECGC ) is a Government of India Enterprise which provides export credit insurance facilities to exporters and banks in India. It functions under the administrative control of Ministry of Commerce & Industry, and is managed by a Board of Directors comprising representatives of the Government, Reserve Bank of India, banking , insurance and exporting community. Over the years, it has evolved various export credit risk insurance products to suit the requirements of Indian exporters and commercial banks. ECGC is the seventh largest credit insurer of the world in terms of coverage of national exports. The present paid up capital of the Company is Rs. 1000 Crores and the authorized capital is Rs. 1000 Crores. ECGC is essentially an export promotion organization, seeking to improve the competitive capacity of Indian exporters by giving them credit insurance covers comparable to those available to their competitors from most other countries. It keeps it's premium rates at the lowest level possible.

What does ECGC do?

Provides a range of credit risk insurance covers to exporters against loss in export of goods and services Offers Export Credit Insurance covers to banks and financial institutions to enable exporters to obtain better facilities from them Provides Overseas Investment Insurance to Indian companies investing in joint ventures abroad in the form of equity or loan

How does ECGC help exporters? ECGC

Offers insurance protection to exporters against payment risks Provides guidance in export-related activities Makes available information on different countries with it's own credit ratings Makes it easy to obtain export finance from banks/financial institutions Assists exporters in recovering bad debts Provides information on credit-worthiness of overseas buyers

Need for export credit insurance

Payments for exports are open to risks even at the best of times. The risks have assumed large proportions today due to the far-reaching political and economic changes that are sweeping the world. An outbreak of war or civil war may block or delay payment for goods exported. A coup or an insurrection may also bring about the same result. Economic difficulties or balance of payment problems may lead a country to impose restrictions on either import of certain goods or on transfer of payments for goods imported. In addition, the exporters have to face commercial risks of insolvency or protracted default of buyers. The commercial risks of a foreign buyer going bankrupt or losing his capacity to pay are aggravated due to the political and economic uncertainties. Export credit insurance is designed to protect exporters from the consequences of the payment risks, both political and commercial, and to enable them to expand their overseas business without fear of loss.