More Annotations

Favourite Annotations

Text

EURO EXIM BANK

3. Euro Exim Bank is permitted to act on any instructions given by an authorised person provided the security procedures are followed, however Euro Exim Bank may refuse to act on any instruction if it is unclear or might be in breach of a law, regulation or contractual SERVICES | EURO EXIM BANK 1. The holders of a joint account authorises Euro Exim Bank to pay or deliver, or to the order of, the survivors or survivor or the executors or administrators of such survivor any moneys standing to the credit of joint account; a. All liability on a joint account is joint and several; b. EURO EXIM TRADE FINANCE BANK Euro Exim Bank Limited is an innovative global financial institution with its Head office in St. Lucia and representative office in London. Euro Exim Bank is an associate member of the Caribbean Association of Banks Inc (CAB). We hold a "Class A" international banking license from Financial Services Regulatory Authority (FSRA) of. St. Lucia.

EURO EXIM BANK

If covered by 100 % cash margin, the bank may issue the guarantee after obtaining sanctions from the credit authority. Upon customer qualification, underlying transaction and relevant documents EEB confirms the customer's margin or credit line and other mortgages. EEB issues the letter of guarantee.

EURO EXIM BANK

Fast, Safe, Reliable & Affordable. Global Payments Simplified We facilitate global payments using the Ripple Network. and blockchain technology Accessible, Quick &. Economical. Trade Finance made easy We power global trade with our best-in-class trade finance. products and services, with a focus on emerging markets. Efficient, Versatile &. VIRTUAL TRADE MISSIONS Virtual Trade Missions. Euro Exim Bank. Posted on. May 17, 2021. May 17, 2021 - 8:58. 0. Trade missions serve a valuable function as countries reach out to each other to build trade relationships. For businesses, they provide much-needed platforms that bring buyers and sellers together, while providing opportunities for social and

economic

A PUSH FOR GREENER FINANCING A shocking report by the Rainforest Action Network reveals that the world’s 60 biggest banks have collectively provided financing to the fossil fuel industry amounting to over 3.8 trillion dollars, in just the 5 years since the signing of the Paris Agreement alone. While the COVID-19 pandemic has seen demand for energy fall, funding for fossil fuels maintains its upward trajectory. SUPPLY CHAINS REVIVE: FACTORIES BOOM AMIDST COVID RECOVERY While some countries are still struggling with the pandemic, on a global scale we are witnessing the revival of supply chains with factory activity booming as the global economic recovery gets underway. PMI Indices in developed economies are all showing expansion for the first time since January as we draw to the end of April 2021 according to IHS Markit. FRAUD IN TRADE FINANCE Therefore, it is the duty of every responsible trade finance provider to take necessary steps to mitigate the risk of fraud. At Euro Exim Bank, we take fraud very seriously and have implemented reliable mechanisms to combat such activity including robust KYC and AML policies along with other risk assessment measures and standardized

procedures.

EURO EXIM BANK

economic

procedures.

BUBBLE TEA RUNNING OUT OF BUBBLES Bubble Tea or Boba Tea is a popular beverage around the world, particularly on the US West Coast.The main component of the beverage is tapioca pearls, which give it the unique experience that bubble tea lovers crave.Unfortunately, tapioca or cassava root, the main ingredient of tapioca pearls is experiencing a worldwide shortage. BEST STOCKS TO INVEST IN Despite the doom and gloom on the news, a look at the figures and fundamentals illustrates that a global economic recovery is underway.At the same time, due to the pandemic, many stocks are now trading at attractive valuations and will likely yield handsome returns in the future. SHIPPING DELAYS: A LASTING LEGACY OF COVID? Most people around the world take the availability of their favorite products on shelves for granted. However, the modern economy is a mind-bogglingly complex network of supply chains that rely on shipping raw materials and goods across vast distances A SHORTAGE OF CHIPS: NOT POTATO, BUT SILICON One of the lesser-known and anticipated impacts of the global pandemic has been the semiconductor chip shortage. Ever since the onset of the pandemic, the industry has been thrust into a massive global shortage driven by a number of factors, including increased demand, reduced supply, weather, and government intervention.. Everybody Going Digital COVID-19: INDIAN IMPACT The world is helplessly watching as India’s COVID-19 situation deteriorates.While the loss of life and disruption to ‘everyday India’ is tragic in and of itself, the economic ramifications of the second wave could also be significant. SUPPLY CHAINS REVIVE: FACTORIES BOOM AMIDST COVID RECOVERY While some countries are still struggling with the pandemic, on a global scale we are witnessing the revival of supply chains with factory activity booming as the global economic recovery gets underway. PMI Indices in developed economies are all showing expansion for the first time since January as we draw to the end of April 2021 according to IHS Markit. GLOBAL NEWS & TRENDS ARCHIVES When you compare the last great pandemic, the Spanish Flu of 1918, with the present one, it becomes immediately clear that we have one major Read more Technology is a BUBBLE TEA RUNNING OUT OF BUBBLES Bubble Tea or Boba Tea is a popular beverage around the world, particularly on the US West Coast.The main component of the beverage is tapioca pearls, which give it the unique experience that bubble tea lovers crave.Unfortunately, tapioca or cassava root, the main ingredient of tapioca pearls is experiencing a worldwide shortage. CHINA: THE NEW GLOBAL CHAMPION OF FREE TRADE The 2010s saw the US becoming increasingly protectionist and the EU being rattled by Brexit.In this environment, China, a country founded on principles as far removed from free trade as possible, has emerged as the unlikely new champion of free trade.History aside though, China has spent the better part of the last two decades abandoning its old ways and embracing global trade. WHY SMES SHOULD CONSIDER TRADE FINANCING OVER LEGACY BANKS International trade has been hit hard as a result of the global pandemic. The trade finance gap has widened and SMEs are disproportionately affected. Many are unable to borrow from legacy banks as these institutions have either become extremely risk-averse and, or as usual, are reluctant to provide funding to companies that have smaller balance sheets. TYPES OF RISKS IN INTERNATIONAL TRADE Shipping Risks:-. Whether you’re shipping products abroad or regionally, you will face problems like contamination, seizure, accident, vandalism, theft, loss, and breakage. Before causation any product to the consumers, you wish to form bound to have excess insurance. The International Chamber of Commerce has arranged down

rules for every

EURO EXIM BANK

3. Euro Exim Bank is permitted to act on any instructions given by an authorised person provided the security procedures are followed, however Euro Exim Bank may refuse to act on any instruction if it is unclear or might be in breach of a law, regulation or contractual SERVICES | EURO EXIM BANK 1. The holders of a joint account authorises Euro Exim Bank to pay or deliver, or to the order of, the survivors or survivor or the executors or administrators of such survivor any moneys standing to the credit of joint account; a. All liability on a joint account is joint and several; b. ABOUT EEB | EURO EXIM BANK 3. Euro Exim Bank is permitted to act on any instructions given by an authorised person provided the security procedures are followed, however Euro Exim Bank may refuse to act on any instruction if it is unclear or might be in breach of a law, regulation or contractual EURO EXIM TRADE FINANCE BANK Euro Exim Bank Limited is an innovative global financial institution with its Head office in St. Lucia and representative office in London. Euro Exim Bank is an associate member of the Caribbean Association of Banks Inc (CAB). We hold a "Class A" international banking license from Financial Services Regulatory Authority (FSRA) of. St. Lucia.

EURO EXIM BANK

economic

FRAUD IN TRADE FINANCE Therefore, it is the duty of every responsible trade finance provider to take necessary steps to mitigate the risk of fraud. At Euro Exim Bank, we take fraud very seriously and have implemented reliable mechanisms to combat such activity including robust KYC and AML policies along with other risk assessment measures and standardized

procedures.

EURO EXIM BANK

SPECIALIST AGENTS Invitation to become a member of Euro Exim Bank's Specialist AgentAlllance..—— Euro Exirn Bank is a financial

institution_

JUSTICE

EURO EXIM BANK

3. Euro Exim Bank is permitted to act on any instructions given by an authorised person provided the security procedures are followed, however Euro Exim Bank may refuse to act on any instruction if it is unclear or might be in breach of a law, regulation or contractual SERVICES | EURO EXIM BANK 1. The holders of a joint account authorises Euro Exim Bank to pay or deliver, or to the order of, the survivors or survivor or the executors or administrators of such survivor any moneys standing to the credit of joint account; a. All liability on a joint account is joint and several; b. ABOUT EEB | EURO EXIM BANK 3. Euro Exim Bank is permitted to act on any instructions given by an authorised person provided the security procedures are followed, however Euro Exim Bank may refuse to act on any instruction if it is unclear or might be in breach of a law, regulation or contractual EURO EXIM TRADE FINANCE BANK Euro Exim Bank Limited is an innovative global financial institution with its Head office in St. Lucia and representative office in London. Euro Exim Bank is an associate member of the Caribbean Association of Banks Inc (CAB). We hold a "Class A" international banking license from Financial Services Regulatory Authority (FSRA) of. St. Lucia.

EURO EXIM BANK

economic

procedures.

EURO EXIM BANK

SPECIALIST AGENTS Invitation to become a member of Euro Exim Bank's Specialist AgentAlllance..—— Euro Exirn Bank is a financial

institution_

JUSTICE

SHIPPING DELAYS: A LASTING LEGACY OF COVID? Most people around the world take the availability of their favorite products on shelves for granted. However, the modern economy is a mind-bogglingly complex network of supply chains that rely on shipping raw materials and goods across vast distances A SHORTAGE OF CHIPS: NOT POTATO, BUT SILICON One of the lesser-known and anticipated impacts of the global pandemic has been the semiconductor chip shortage. Ever since the onset of the pandemic, the industry has been thrust into a massive global shortage driven by a number of factors, including increased demand, reduced supply, weather, and government intervention.. Everybody Going Digital

COVID-19 ARCHIVES

The rollout of vaccines for COVID-19 brought with it a sense of optimism. But, with people and economies worldwide looking forward to safely resuming regular life, the global pandemic Read more New Coronavirus Strain Brings New Strains for Economies TOP ECONOMIC TRENDS FOR 2021 Growth in Global Trade. 2021 will likely see significant growth in global trade as supply chains normalize and new opportunities emerge. Also, a more trade-friendly US administration, along with China now championing free trade for its own survival, could potentially work to accelerate this trend. CHINA: THE NEW GLOBAL CHAMPION OF FREE TRADE The 2010s saw the US becoming increasingly protectionist and the EU being rattled by Brexit.In this environment, China, a country founded on principles as far removed from free trade as possible, has emerged as the unlikely new champion of free trade.History aside though, China has spent the better part of the last two decades abandoning its old ways and embracing global trade. PROOF OF FUNDS (POF): MEANING & USES Proof of Funds (POF): Meaning & Uses. When a buyer and seller wish to engage in a large transaction that may take time to complete, the seller or a financial intermediary may often want proof that the buyer is actually capable of paying for the purchase. This is where proof of funds or (POF) comes in. It is a document or a set of documents that EURO EXIM BANK: FACILITATING GLOBAL TRADE WITH NOVEL Euro Exim Bank: Facilitating Global Trade With Novel Financial Services The prominence of payments in the global nancial services system has undeniably risen over the last few years. WHY SMES SHOULD CONSIDER TRADE FINANCING OVER LEGACY BANKS International trade has been hit hard as a result of the global pandemic. The trade finance gap has widened and SMEs are disproportionately affected. Many are unable to borrow from legacy banks as these institutions have either become extremely risk-averse and, or as usual, are reluctant to provide funding to companies that have smaller balance sheets. EMERGING TECHNOLOGY TRENDS IN SOUTHEAST ASIA The influence and reach of technology in Southeast Asia are growing. The ongoing global pandemic has only increased reliance on technology. Especially in the fintech space, technology is filling gaps in a region where 70% of adults report that they are not effectively and or efficiently served by traditional banking.. Smartphone penetration is also delivering internet accessibility like never TYPES OF RISKS IN INTERNATIONAL TRADE Shipping Risks:-. Whether you’re shipping products abroad or regionally, you will face problems like contamination, seizure, accident, vandalism, theft, loss, and breakage. Before causation any product to the consumers, you wish to form bound to have excess insurance. The International Chamber of Commerce has arranged down

rules for every

EURO EXIM BANK

economic

SHIPPING DELAYS: A LASTING LEGACY OF COVID? Most people around the world take the availability of their favorite products on shelves for granted. However, the modern economy is a mind-bogglingly complex network of supply chains that rely on shipping raw materials and goods across vast distances FRAUD IN TRADE FINANCE Therefore, it is the duty of every responsible trade finance provider to take necessary steps to mitigate the risk of fraud. At Euro Exim Bank, we take fraud very seriously and have implemented reliable mechanisms to combat such activity including robust KYC and AML policies along with other risk assessment measures and standardized

procedures.

EURO EXIM BANK

economic

SHIPPING DELAYS: A LASTING LEGACY OF COVID? Most people around the world take the availability of their favorite products on shelves for granted. However, the modern economy is a mind-bogglingly complex network of supply chains that rely on shipping raw materials and goods across vast distances FRAUD IN TRADE FINANCE Therefore, it is the duty of every responsible trade finance provider to take necessary steps to mitigate the risk of fraud. At Euro Exim Bank, we take fraud very seriously and have implemented reliable mechanisms to combat such activity including robust KYC and AML policies along with other risk assessment measures and standardized

procedures.

itself.

CHINA: THE NEW GLOBAL CHAMPION OF FREE TRADE The 2010s saw the US becoming increasingly protectionist and the EU being rattled by Brexit.In this environment, China, a country founded on principles as far removed from free trade as possible, has emerged as the unlikely new champion of free trade.History aside though, China has spent the better part of the last two decades abandoning its old ways and embracing global trade. EMERGING TECHNOLOGY TRENDS IN SOUTHEAST ASIA The influence and reach of technology in Southeast Asia are growing. The ongoing global pandemic has only increased reliance on technology. Especially in the fintech space, technology is filling gaps in a region where 70% of adults report that they are not effectively and or efficiently served by traditional banking.. Smartphone penetration is also delivering internet accessibility like never A PUSH FOR GREENER FINANCING A shocking report by the Rainforest Action Network reveals that the world’s 60 biggest banks have collectively provided financing to the fossil fuel industry amounting FOUR RISKS OF EXPORTERS AND HOW TO OVERCOME THEM Political Risks:-. It involves risks of the power of political events, sort of a riot, war, social instability, etc., inside the buyer’s country, affecting the seller’s interest. Such forms of events will impede or cancel trade transactions and should also bring about excellent invoices. If any such occurrence happens, it should take a

long

TYPES OF RISKS IN INTERNATIONAL TRADE Shipping Risks:-. Whether you’re shipping products abroad or regionally, you will face problems like contamination, seizure, accident, vandalism, theft, loss, and breakage. Before causation any product to the consumers, you wish to form bound to have excess insurance. The International Chamber of Commerce has arranged down

rules for every

AUSTRALIA – INDIA TRADE: RIPE WITH OPPORTUNITY Trade relations between India and Australia have usually been cordial. However geopolitical shifts, particularly with regard to Australia’s relationship with China, have caused Australia to grow closer to other trade partners.One of the most promising is India, Asia’s second

largest economy.

EURO EXIM BANK

Fast, Safe, Reliable & Affordable. Global Payments Simplified We facilitate global payments using the Ripple Network. and blockchain technology Accessible, Quick &. Economical. Trade Finance made easy We power global trade with our best-in-class trade finance. products and services, with a focus on emerging markets. Efficient, Versatile &. FRAUD IN TRADE FINANCE Therefore, it is the duty of every responsible trade finance provider to take necessary steps to mitigate the risk of fraud. At Euro Exim Bank, we take fraud very seriously and have implemented reliable mechanisms to combat such activity including robust KYC and AML policies along with other risk assessment measures and standardized

procedures.

TOP ECONOMIC TRENDS FOR 2021 Growth in Global Trade. 2021 will likely see significant growth in global trade as supply chains normalize and new opportunities emerge. Also, a more trade-friendly US administration, along with China now championing free trade for its own survival, could potentially work to accelerate this trend. BUBBLE TEA RUNNING OUT OF BUBBLES Bubble Tea or Boba Tea is a popular beverage around the world, particularly on the US West Coast.The main component of the beverage is tapioca pearls, which give it the unique experience that bubble tea lovers crave.Unfortunately, tapioca or cassava root, the main ingredient of tapioca pearls is experiencing a worldwide shortage. PROOF OF FUNDS (POF): MEANING & USES Proof of Funds (POF): Meaning & Uses. When a buyer and seller wish to engage in a large transaction that may take time to complete, the seller or a financial intermediary may often want proof that the buyer is actually capable of paying for the purchase. This is where proof of funds or (POF) comes in. It is a document or a set of documents that TYPES OF RISKS IN INTERNATIONAL TRADE Shipping Risks:-. Whether you’re shipping products abroad or regionally, you will face problems like contamination, seizure, accident, vandalism, theft, loss, and breakage. Before causation any product to the consumers, you wish to form bound to have excess insurance. The International Chamber of Commerce has arranged down

rules for every

EURO EXIM BANK

Fast, Safe, Reliable & Affordable. Global Payments Simplified We facilitate global payments using the Ripple Network. and blockchain technology Accessible, Quick &. Economical. Trade Finance made easy We power global trade with our best-in-class trade finance. products and services, with a focus on emerging markets. Efficient, Versatile &. FRAUD IN TRADE FINANCE Therefore, it is the duty of every responsible trade finance provider to take necessary steps to mitigate the risk of fraud. At Euro Exim Bank, we take fraud very seriously and have implemented reliable mechanisms to combat such activity including robust KYC and AML policies along with other risk assessment measures and standardized

procedures.

rules for every

itself.

CHINA: THE NEW GLOBAL CHAMPION OF FREE TRADE The 2010s saw the US becoming increasingly protectionist and the EU being rattled by Brexit.In this environment, China, a country founded on principles as far removed from free trade as possible, has emerged as the unlikely new champion of free trade.History aside though, China has spent the better part of the last two decades abandoning its old ways and embracing global trade. EMERGING TECHNOLOGY TRENDS IN SOUTHEAST ASIA The influence and reach of technology in Southeast Asia are growing. The ongoing global pandemic has only increased reliance on technology. Especially in the fintech space, technology is filling gaps in a region where 70% of adults report that they are not effectively and or efficiently served by traditional banking.. Smartphone penetration is also delivering internet accessibility like never EURO EXIM BANK ARCHIVES Disclaimer. Euro Exim Bank Limited is a Group of Companies with Registered Office in Saint Lucia and a Representative Office in the

United Kingdom.

CORPORATE BANKING ARCHIVES Banking Services / 80. Corporate Banking / 3. Digital Banking & Security / 5. Trade Finance / 72. Crypto & Blockchain / 6. Ripple / 2. Euro Exim Bank / 8. Fintech / 8. OUR GROUP - EURO EXIM BANK subcontractors to help us manage your records; (e) HM Revenue & Customs or other authorities require it; (f) the law, regulatory bodies (including for AUSTRALIA – INDIA TRADE: RIPE WITH OPPORTUNITY Trade relations between India and Australia have usually been cordial. However geopolitical shifts, particularly with regard to Australia’s relationship with China, have caused Australia to grow closer to other trade partners.One of the most promising is India, Asia’s second

largest economy.

rules for every

EURO EXIM BANK

Fast, Safe, Reliable & Affordable Global Payments Simplified We facilitate global payments using the Ripple Network and blockchain technology Accessible, Quick & Economical Trade Finance made easy We power global trade with our best-in-class trade finance products and

services, with a

EURO EXIM BANK

Fast, Safe, Reliable & Affordable. Global Payments Simplified We facilitate global payments using the Ripple Network. and blockchain technology Accessible, Quick &. Economical. Trade Finance made easy We power global trade with our best-in-class trade finance. products and services, with a focus on emerging markets. Efficient, Versatile &. FRAUD IN TRADE FINANCE Therefore, it is the duty of every responsible trade finance provider to take necessary steps to mitigate the risk of fraud. At Euro Exim Bank, we take fraud very seriously and have implemented reliable mechanisms to combat such activity including robust KYC and AML policies along with other risk assessment measures and standardized

procedures.

rules for every

EURO EXIM BANK

Fast, Safe, Reliable & Affordable. Global Payments Simplified We facilitate global payments using the Ripple Network. and blockchain technology Accessible, Quick &. Economical. Trade Finance made easy We power global trade with our best-in-class trade finance. products and services, with a focus on emerging markets. Efficient, Versatile &. FRAUD IN TRADE FINANCE Therefore, it is the duty of every responsible trade finance provider to take necessary steps to mitigate the risk of fraud. At Euro Exim Bank, we take fraud very seriously and have implemented reliable mechanisms to combat such activity including robust KYC and AML policies along with other risk assessment measures and standardized

procedures.

rules for every

itself.

CHINA: THE NEW GLOBAL CHAMPION OF FREE TRADE The 2010s saw the US becoming increasingly protectionist and the EU being rattled by Brexit.In this environment, China, a country founded on principles as far removed from free trade as possible, has emerged as the unlikely new champion of free trade.History aside though, China has spent the better part of the last two decades abandoning its old ways and embracing global trade. EMERGING TECHNOLOGY TRENDS IN SOUTHEAST ASIA The influence and reach of technology in Southeast Asia are growing. The ongoing global pandemic has only increased reliance on technology. Especially in the fintech space, technology is filling gaps in a region where 70% of adults report that they are not effectively and or efficiently served by traditional banking.. Smartphone penetration is also delivering internet accessibility like never EURO EXIM BANK ARCHIVES Disclaimer. Euro Exim Bank Limited is a Group of Companies with Registered Office in Saint Lucia and a Representative Office in the

United Kingdom.

largest economy.

rules for every

EURO EXIM BANK

services, with a

EURO EXIM BANK

Fast, Safe, Reliable & Affordable. Global Payments Simplified We facilitate global payments using the Ripple Network. and blockchain technology Accessible, Quick &. Economical. Trade Finance made easy We power global trade with our best-in-class trade finance. products and services, with a focus on emerging markets. Efficient, Versatile &. FRAUD IN TRADE FINANCE Therefore, it is the duty of every responsible trade finance provider to take necessary steps to mitigate the risk of fraud. At Euro Exim Bank, we take fraud very seriously and have implemented reliable mechanisms to combat such activity including robust KYC and AML policies along with other risk assessment measures and standardized

procedures.

rules for every

EURO EXIM BANK

Fast, Safe, Reliable & Affordable. Global Payments Simplified We facilitate global payments using the Ripple Network. and blockchain technology Accessible, Quick &. Economical. Trade Finance made easy We power global trade with our best-in-class trade finance. products and services, with a focus on emerging markets. Efficient, Versatile &. FRAUD IN TRADE FINANCE Therefore, it is the duty of every responsible trade finance provider to take necessary steps to mitigate the risk of fraud. At Euro Exim Bank, we take fraud very seriously and have implemented reliable mechanisms to combat such activity including robust KYC and AML policies along with other risk assessment measures and standardized

procedures.

rules for every

itself.

CHINA: THE NEW GLOBAL CHAMPION OF FREE TRADE The 2010s saw the US becoming increasingly protectionist and the EU being rattled by Brexit.In this environment, China, a country founded on principles as far removed from free trade as possible, has emerged as the unlikely new champion of free trade.History aside though, China has spent the better part of the last two decades abandoning its old ways and embracing global trade. EMERGING TECHNOLOGY TRENDS IN SOUTHEAST ASIA The influence and reach of technology in Southeast Asia are growing. The ongoing global pandemic has only increased reliance on technology. Especially in the fintech space, technology is filling gaps in a region where 70% of adults report that they are not effectively and or efficiently served by traditional banking.. Smartphone penetration is also delivering internet accessibility like never CORPORATE BANKING ARCHIVES Banking Services / 80. Corporate Banking / 3. Digital Banking & Security / 5. Trade Finance / 72. Crypto & Blockchain / 6. Ripple / 2. Euro Exim Bank / 8. Fintech / 8. EURO EXIM BANK ARCHIVES Disclaimer. Euro Exim Bank Limited is a Group of Companies with Registered Office in Saint Lucia and a Representative Office in the

United Kingdom.

OUR GROUP - EURO EXIM BANK subcontractors to help us manage your records; (e) HM Revenue & Customs or other authorities require it; (f) the law, regulatory bodies (including for AUSTRALIA – INDIA TRADE: RIPE WITH OPPORTUNITY Trade relations between India and Australia have usually been cordial. However geopolitical shifts, particularly with regard to Australia’s relationship with China, have caused Australia to grow closer to other trade partners.One of the most promising is India, Asia’s second

largest economy.

rules for every

EURO EXIM BANK

services, with a

EURO EXIM BANK

3. Euro Exim Bank is permitted to act on any instructions given by an authorised person provided the security procedures are followed, however Euro Exim Bank may refuse to act on any instruction if it is unclear or might be in breach of a law, regulation or contractual SERVICES | EURO EXIM BANK 1. The holders of a joint account authorises Euro Exim Bank to pay or deliver, or to the order of, the survivors or survivor or the executors or administrators of such survivor any moneys standing to the credit of joint account; a. All liability on a joint account is joint and several; b. ABOUT EEB | EURO EXIM BANK 3. Euro Exim Bank is permitted to act on any instructions given by an authorised person provided the security procedures are followed, however Euro Exim Bank may refuse to act on any instruction if it is unclear or might be in breach of a law, regulation or contractual EURO EXIM TRADE FINANCE BANK Euro Exim Bank Limited is an innovative global financial institution with its Head office in St. Lucia and representative office in London. Euro Exim Bank is an associate member of the Caribbean Association of Banks Inc (CAB). We hold a "Class A" international banking license from Financial Services Regulatory Authority (FSRA) of. St. Lucia.

EURO EXIM BANK

Fast, Safe, Reliable & Affordable. Global Payments Simplified We facilitate global payments using the Ripple Network. and blockchain technology Accessible, Quick &. Economical. Trade Finance made easy We power global trade with our best-in-class trade finance. products and services, with a focus on emerging markets. Efficient, Versatile &. FRAUD IN TRADE FINANCE Therefore, it is the duty of every responsible trade finance provider to take necessary steps to mitigate the risk of fraud. At Euro Exim Bank, we take fraud very seriously and have implemented reliable mechanisms to combat such activity including robust KYC and AML policies along with other risk assessment measures and standardized

procedures.

EURO EXIM BANK

SPECIALIST AGENTS Invitation to become a member of Euro Exim Bank's Specialist AgentAlllance..—— Euro Exirn Bank is a financial

institution_

JUSTICE

EURO EXIM BANK

3. Euro Exim Bank is permitted to act on any instructions given by an authorised person provided the security procedures are followed, however Euro Exim Bank may refuse to act on any instruction if it is unclear or might be in breach of a law, regulation or contractual SERVICES | EURO EXIM BANK 1. The holders of a joint account authorises Euro Exim Bank to pay or deliver, or to the order of, the survivors or survivor or the executors or administrators of such survivor any moneys standing to the credit of joint account; a. All liability on a joint account is joint and several; b. ABOUT EEB | EURO EXIM BANK 3. Euro Exim Bank is permitted to act on any instructions given by an authorised person provided the security procedures are followed, however Euro Exim Bank may refuse to act on any instruction if it is unclear or might be in breach of a law, regulation or contractual EURO EXIM TRADE FINANCE BANK Euro Exim Bank Limited is an innovative global financial institution with its Head office in St. Lucia and representative office in London. Euro Exim Bank is an associate member of the Caribbean Association of Banks Inc (CAB). We hold a "Class A" international banking license from Financial Services Regulatory Authority (FSRA) of. St. Lucia.

EURO EXIM BANK

Fast, Safe, Reliable & Affordable. Global Payments Simplified We facilitate global payments using the Ripple Network. and blockchain technology Accessible, Quick &. Economical. Trade Finance made easy We power global trade with our best-in-class trade finance. products and services, with a focus on emerging markets. Efficient, Versatile &. FRAUD IN TRADE FINANCE Therefore, it is the duty of every responsible trade finance provider to take necessary steps to mitigate the risk of fraud. At Euro Exim Bank, we take fraud very seriously and have implemented reliable mechanisms to combat such activity including robust KYC and AML policies along with other risk assessment measures and standardized

procedures.

EURO EXIM BANK

SPECIALIST AGENTS Invitation to become a member of Euro Exim Bank's Specialist AgentAlllance..—— Euro Exirn Bank is a financial

institution_

JUSTICE

COVID-19 ARCHIVES

The rollout of vaccines for COVID-19 brought with it a sense of optimism. But, with people and economies worldwide looking forward to safely resuming regular life, the global pandemic Read more New Coronavirus Strain Brings New Strains for Economies TOP ECONOMIC TRENDS FOR 2021 Growth in Global Trade. 2021 will likely see significant growth in global trade as supply chains normalize and new opportunities emerge. Also, a more trade-friendly US administration, along with China now championing free trade for its own survival, could potentially work to accelerate this trend. CHINA: THE NEW GLOBAL CHAMPION OF FREE TRADE The 2010s saw the US becoming increasingly protectionist and the EU being rattled by Brexit.In this environment, China, a country founded on principles as far removed from free trade as possible, has emerged as the unlikely new champion of free trade.History aside though, China has spent the better part of the last two decades abandoning its old ways and embracing global trade. PROOF OF FUNDS (POF): MEANING & USES Proof of Funds (POF): Meaning & Uses. When a buyer and seller wish to engage in a large transaction that may take time to complete, the seller or a financial intermediary may often want proof that the buyer is actually capable of paying for the purchase. This is where proof of funds or (POF) comes in. It is a document or a set of documents that FREE TRADE AGREEMENTS: UPSIDES AND DOWNSIDES Free trade agreements promote trade and peaceful economic cooperation between two or more countries. See our article here about “Free Trade Agreements and How They Work”. These Free Trade Agreements: Upsides and Downsides EURO EXIM BANK: FACILITATING GLOBAL TRADE WITH NOVEL Euro Exim Bank: Facilitating Global Trade With Novel Financial Services The prominence of payments in the global nancial services system has undeniably risen over the last few years. EMERGING TECHNOLOGY TRENDS IN SOUTHEAST ASIA The influence and reach of technology in Southeast Asia are growing. The ongoing global pandemic has only increased reliance on technology. Especially in the fintech space, technology is filling gaps in a region where 70% of adults report that they are not effectively and or efficiently served by traditional banking.. Smartphone penetration is also delivering internet accessibility like never GLOBAL INVESTMENTS ARCHIVES The fact that there have been continuous protests in Hong Kong since June 2019 is world news. Initially it was largely a Hong Kong only issue, which Read more The TYPES OF RISKS IN INTERNATIONAL TRADE Shipping Risks:-. Whether you’re shipping products abroad or regionally, you will face problems like contamination, seizure, accident, vandalism, theft, loss, and breakage. Before causation any product to the consumers, you wish to form bound to have excess insurance. The International Chamber of Commerce has arranged down

rules for every

WHY KYC IS IMPORTANT? KYC or Know Your Customer is a procedure that any licensed bank or financial institution is obligated to perform by law, worldwide; although requirements vary between jurisdictions. The primary goal of KYC is the identification and verification of each customer and the personal details they provide. Whether a person or a legal entity, and particularly in the case of the latter, KYC seeks to Rodney Bay, Gros Islet, St. Lucia,West Indies. Borehamwood, Hertfordshire, WD6 1GS, United Kingdom. info@euroeximbank.com

* Home

* Services

* Trade Finance Instruments * Documentary Letter of Credit * Standby Letter of Credit * Bank Guarantees and Tender Guarantees

* Proof of Funds

* Our Services

* Trade Finance Instruments

* Exim Wave

* About Us

* About EEB

* Careers

* Euro Exim Foundation * Licence & Certification

* Sales Team

* Media centre

* Blog

* Corporate Profile

* Contact Us

Get a Call

GET A CALL

×

Choose Instrument type* Letter of credit Standby Letter of credit Bank Guarantee Proof of Funds Others By providing your information, you grant consent to be contacted by Euro Exim Bank and you agree to Privacy Policy

and Terms

& Conditions.

Yes, please keep me informed about news, updates, promotions and offers from Euro Exim Bank. Euro Exim Bank is in compliance with General Data Protection Regulation (GDPR) introduced across Europe on 25 May 2018. Thanks for Contacting Us!! We will get back to you soon!!

Send

GENERAL TERMS AND CONDITIONS

×

APPLICATION ACCEPTANCE, LIABILITY AND CUSTOMER INSTRUCTIONS Euro Exim Bank may accept or reject in whole or in part my application to open any Account at my discretion. The rejection or cancellation of my application may be communicated to me by any means, whether oral or otherwise, or through the omission by me to issue a Confirmation. In either case, notification of acceptance or rejection shall be served on me at such time determined by me in accordance with Euro Exim Bankâ€™s usual practice. 1. Euro Exim Bank is authorised to treat as valid, accurate, authentic and binding on me and to act on any instructions (whether oral or written) purportedly given by me or any Authorised Signatory which are referred to me in accordance with my prescribed verification procedure at that time and I will have no obligation to further investigate the authenticity or authority of person(s) providing the instructions, and regardless of the circumstances prevailing at the time of such instructions or the nature of the transaction and notwithstanding any error, misunderstanding, inaccuracy or incompleteness or lack of clarity in the terms of such instructions, including but not limited to instructions given or purported to be given by me. 2. I agree that Euro Exim Bank may leave a message for me/us on an answering machine or facsimiles or with any person answering the phone or with an automated dialling system. 3. Euro Exim Bank is permitted to act on any instructions given by an authorised person provided the security procedures are followed, however Euro Exim Bank may refuse to act on any instruction if it is unclear or might be in breach of a law, regulation or contractual agreement between Euro Exim Bank and us. 4. Euro Exim Bank will not be liable to me/us for any loss, indirect or consequential, incurred by not acting on my/our instructions, such failure being caused by force majeure, acts beyond our reasonable

control.

5. Euro Exim Bank shall give notice of any variation in operation, features, terms and conditions of the service and the times the service will be available. 6. I agree to indemnify Euro Exim Bank against any loss, damage or liability which might occur as a result of non-compliance with the above and I shall be solely or jointly liable for any negligence, misuse, dishonesty or unlawful use whatsoever of the service provided

herewith.

7. Euro Exim Bank agrees to the use and disclosure of my/our information as set out in this notification. 8. I accept that deposits and their payments are governed by laws in effect from time to time in the applicable jurisdiction. 9. I acknowledge that all transactions can only be executed on line by logging on to the online banking platform. 10. Euro Exim Bank will take reasonable care to ensure that any information provided to me is an accurate reflection of the information contained in our computer systems or, where the information provided by a third party, accurately reflects the information we receive from that third party. 11. Euro Exim Bank does not warrant that the information provided is always accurate or error free. Some of the information available through the Service or Mobile Banking may be identified on the screens or in the User Guide as subject to a disclaimer or other provisions. If I rely on that information, I do so subject to the disclaimer or

those provisions.

12. I agree that unless Euro Exim Bank have specifically agreed with me otherwise, Euro Exim Bank shall have no liability whatsoever for: a. Any equipment, software or associated user documentation which any third-party other than us produces at any time for use in connection with the Service or Mobile Banking; or b. Any services through which I access the Service or Online Banking or which I access through the Service or Online Banking which are not

controlled by us.

13. Euro Exim Bank shall not be liable to me for any loss I suffer due to any event or abnormal or unforeseeable circumstances beyond my control, which leads to the Service or Online Banking Platform being wholly or partly unavailable such as, but not limited to, technical breakdown, strikes or other industrial action (whether or not involving Euro Exim Bankâ€™s employees) or communications or power failure, the consequences of which would have been unavoidable, despite all efforts to the contrary. 14. Euro Exim Bank is not obliged to monitor my use of the Service or Online Banking Platform for any failure by Euro Exim Bank to carry out my obligations under the Terms or notify me of such failure.

DEPOSITS

1. I shall make deposit(s) to the Account(s) in such manner as I may prescribe from time to time. Receipt tickets for deposits will be validated by Euro Exim Bankâ€™s machine stamp, computer terminal or authorised signatory. TAKING MONEY SUMMARY 1. Euro Exim Bank will allow withdrawals or payments from my account if I have enough available money in my account, or enough unused Arranged Overdraft, to cover the withdrawal or payment. 2. Euro Exim Bank must be provided with the following Payment Details: a. For payments and electronic transfer of funds, the name (or the account name, if different), account number and sort-code of the person you want to pay; b. For an international transfer of funds: (i) the name, address, routing code (if applicable) and correct Bank Identifier Code (BIC) of the bank of the person you want to pay; (ii) the bank account number or IBAN (International Bank Account Number) of the beneficiary you want to pay; (iii) the name and the registered address of the beneficiary you want to pay and (iv) you name and account number (v) beneficiaryâ€™s company registration number, (vi) beneficiaryâ€™s company business activity (vii) reason and evidence of payment. c. You must provide us with all of the following details (â€˜International Identifierâ€™) to enable us to make an International Payment: a) the recipientâ€™s bank name, address, routing code and correct Bank Identifier Code (BIC); b) the recipientâ€™s bank account number or IBAN (International Bank Account Number); c) the name and address of the recipient to whom the payment is to be made; and d) you name and account number. 3. Euro Exim Bank will be treated as having received a Payment Instruction from me (or, if applicable, the person requesting a payment from me) at the time that instruction is actually received by Euro Exim Bank, except: a. If Euro Exim Bank receives the Payment Instruction on a non-working day, then it will be treated as having been received on the following working day. If my Payment Instruction is an instruction to withdraw cash using my card and PIN from a cash machine or an instruction made using a card and PIN, it will be treated as having been received by Euro Exim Bank at the time that instruction is actually received by

us; or

b. If the Payment Instruction is received by us after 5pm, it will be treated as having been received on the following working; or c. If my Payment Instruction specifies that the payment is to take place on a specific day or on the last day of a certain period, then Euro Exim Bank will treat it as having been received on the day specified, unless that day is a non-working day (in which case the following working day will apply). PROCESSING OF PAYMENT INSTRUCTIONS 1. You can request certain payments through the Service. When I have provided my instruction, I will be asked to confirm it, which will be my agreement for Euro Exim Bank to make the payment. 2. I request and authorise Euro Exim Bank to: a. Rely and act upon all apparently valid payment or transfer instructions as properly authorised through the Service, even if it may conflict with any other mandate given at any time concerning you account(s) or affairs, and b. Debit my account(s) with any amount I have paid, transferred or incurred in accordance with the instruction. 3. My payment instructions will only be accepted by Euro Exim Bank after my Security Details have been accepted and it passes any further authenticity checks. 4. Euro Exim Bank may refuse to act upon a payment instruction, for example, if it exceeds the limit that Euro Exim Bank has set for such an instruction, or if Euro Exim Bank knows of or suspects a breach of my Security Details. If Euro Exim Bank decided to decrease my default maximum limits at any time, Euro Exim Bank will override any limits that may be above my new maximum limits. To increase you limits at any time, please call Euro Exim Bank. 5. Euro Exim Bank will not be responsible if the circumstances giving rise to an incorrect payment or transfer, or a payment or transfer not being made were due to abnormal and unforeseeable circumstances beyond Euro Exim Bankâ€™s control, the consequences of which would have been unavoidable despite all efforts to the contrary. 6. Euro Exim Bank may, at any time, suspend my access to the Service. Euro Exim Bank will normally give you advance notice if Euro Exim Bank is going to suspend you use of the Service. 7. Euro Exim Bank will tell you why we are taking this action, but Euro Exim Bank will not give me notice or details of the reason for the suspension if this would compromise Euro Exim Bankâ€™s reasonable security measures, or if it is unlawful to do so. Euro Exim Bank may occasionally suspend my use of the Service without notifying me where Euro Exim Bank has been unable to contact me in advance. Euro Exim Bank may also suspend my use of the Service due to local legal obligations that applies to Euro Exim Bank. 8. Euro Exim Bank will use reasonable efforts to inform me without undue delay through the Service and/or our website, if any service under the Service is not available. 9. Euro Exim Bank will not always carry out a payment or transfer instruction immediately following it being requested by me. Some matters may take time to process and my instruction may only be processed during normal banking hours.

PAYMENT LIMITS

1. Maximum daily limits apply to the amount of cash I can withdraw

using my card.

2. Euro Exim Bank can refuse any withdrawal or payment from my

account, if:

a. I do not have enough available money in my account; b. I have exceeded my maximum daily withdrawal; c. It may place Euro Exim Bank in breach of any legislation or law; d. Euro exim Bank suspects it relates to fraud or any other criminal

act

e. I am in breach of any of these Conditions. 3. If Euro Exim Bank refuses to allow a withdrawal or payment from my Account, Euro Exim Bank will tell me the following by the end of the next working day after the day Euro Exim Bank receives my withdrawal

or payment request;

a. That Euro Exim Bank has done so; b. The reason why Euro Exim Bank refused; and c. If I think Euro Exim Bank has based its decision on mistaken information, how I can ask Euro Exim Bank to rectify that mistake. Euro Exim Bank will not tell me that they are refusing a payment or withdrawal if the law prevents Euro Exim Bank from doing so.

JOINT ACCOUNTS

1. The holders of a joint account authorises Euro Exim Bank to pay or deliver, or to the order of, the survivors or survivor or the executors or administrators of such survivor any moneys standing to the credit of joint account; a. All liability on a joint account is joint and several; b. Any mandate intimation, notice, request or letter varying the original instruction regarding the operation on the account, issue of mandate for or annulling the stop payment of cheques, debit to the joint accounts etc., affecting the operations on the joint account will be acted upon by the Bank only if these are signed by minimum number of such people who are authorized to operate on the Joint Account. This applies with equal force to authenticating material alteration(s) in the cheque(s) or other mandate(s) instructing the Bank to debit such accounts. PARTNERSHIP ACCOUNTS 1. In the event of the Customer being a partnership the following additional provisions apply:- a. The partners authorize the bank to carry out instructions countermanding payment of cheques, bills of exchange, promissory notes or other orders for payment when such instructions are given by any person who is authorized to sign the mandate whether or not that person has signed the original payment instruction. b. The partners authorize the Bank to make advances with or without security by way of overdraft, loan or any other manner on the request of partners for the time being made in accordance with the mandate, and to discount bills or promissory notes on the request of the partners for the time being made in accordance with the mandate. c. The partners authorize the Bank to accept by way of pledge or deposit as security or for safe custody anything belonging to the partnership on the instructions on the partners for the time being made in accordance with the mandate, and to deliver upon the said instructions anything as accepted or held on account of the

partnership.

d. All liability of the partners to the Bank is joint and several. e. Upon any change in the constitution of the partnership, the partners will sign a new mandate. f. A mandate remains in force and may be acted upon by the Bank until it has either been revoked in writing by all or any of the signatories or until it has been replaced by a new mandate and such revocation or new mandate has reached the Bank and not until that event has happened, the Bank will be responsible for acting according to the

original mandate.

SECURITY OBLIGATIONS 1. I must take all reasonable precautions to keep safe and prevent fraudulent use of my devices and security information. These precautions include: a. Never writing down or otherwise recording my security details in a way that can be understood by someone else; b. Not choosing security details that may be easy to guess; c. Taking care to ensure that no one hears or sees my security details

when I use it;

d. Keeping my security details unique; e. Not disclosing my security details to anyone, including the police

and Euro Exim Bank;

f. Changing my security details immediately and telling Euro Exim Bank as soon as possible if I know, or even suspect, that someone else knows my security details, or if Euro Exim Bank asks me to; g. Keeping my security details and devices safe; h. Complying with all reasonable instructions we issue regarding keeping my security details safe; i. Once I have logged onto the online banking platform, I will not leave my devices unattended or let anyone else use my devices; j. Logging out of my devices once I have finished using the online banking platform services and, in particular, not leaving the online banking platform in the background whilst logged in; k. I will never disclose my security details to them or information about my accounts with Euro Exim Bank; l. Undertake reasonable and adequate precautions to scan for computer viruses or other destructive properties. 2. I must not use the online banking platform on any device or operating system that has been modified outside its operating system vendor supported or warranted configurations. This includes devices that have been â€œjail-brokenâ€ or â€œrootedâ€. 3. Euro Exim Bank will never contact me after initial registration (or ask anyone to do so on Euro Exim Bankâ€™s behalf) with a request to disclose my security details in full. If I receive any such request from anyone (even if they are using Euro Exim Bankâ€™s name and logo and appear to be genuine) then I will not supply my security details to them in any circumstances. Additionally, I will report any such requests to Euro Exim Bank immediately. 4. I will be responsible for all instructions given by me or anyone acting with my authority between when I log onto the online banking platform until I log off. 5. I am responsible for making sure information shown or stored on my devices is kept secure. SUSPENSION OF ACCOUNTS 1. Euro Exim Bank may at its reasonable discretion suspend my operation of the Account(s) at any time for any reason whatsoever; including without limitation industrial actions, power failure, computer breakdown or sabotage or any other event beyond my reasonable

control.

2. I agree that Euro Exim Bank may block any payment or transaction with respect to the Account where such payment or transaction would result in Euro Exim Bank or Third Party Service Provider being in breach of Law or Regulation. FREEZING OF ACCOUNTS 1. Euro Exim Bank may at any time freeze any of my accounts if and so long as there is any dispute or the Bank has doubt for any other reason (whether or not well founded) as to the person or persons entitled to operate the same, without any obligation to institute interpleader proceedings or to take any step of its own initiative for the determination of such dispute or doubt.

CLOSING OF ACCOUNTS

1. Euro Exim Bank may at any time and at its reasonable discretion, without notice to me and without Liability or disclosing or assigning any reasons to me, refuse to accept any deposit(s), limit the amount that may be deposited, return all or any part of the deposit(s) after deducting any Collected Amount, interest, charges and fees due or funds required to be made by Law or Regulation, or upon reasonable notice to me, terminate any of my Account(s) and discharge Euro Exim Bankâ€™s entire Liability. 2. If I choose to terminate any of my Account(s) held with Euro Exim Bank, I am required to give Euro Exim Bank reasonable notice of termination or such other period of notice which Euro Exim Bank may specify to me from time to time. 3. On the termination of my Account(s):- (a) Euro Exim Bank may discharge my entire Liability with respect to my Account(s) by mailing to me a draft or check in the currency(ies) of the Account(s) or in a currency(ies) as determined by Euro Exim Bank without recourse to me as drawer, payable to my order in the amount of the then credit balance in the Account(s) after deducting my Outstanding Indebtedness to Euro Exim Bank together with such other documents, if any, as may be necessary to transfer to me such claims as Euro Exim Bank may have on such funds, or, at Euro Exim Bankâ€™s option, by delivering to my Account(s) or (as the case may be) to a Joint Account of all Account(s) holder(s) of the Account(s), any Alternative Financial Instrument as selected by me in my sole discretion; and (b) Euro Exim Bank may, at my own cost and expense, transfer all my Securities to me or such person as I may direct. 4. If Euro Exim Bank has effected a forward or any other transaction which extends beyond the date of termination, Euro Exim Bank may either close out or complete such transaction and retain sufficient funds for this purpose. Any security interest or set-off contained in an agreement shall not be discharged until all my Outstanding Indebtedness have been discharged. 5. On the termination of my Account(s), I shall forthwith return to Euro Exim Bank all unused checks issued to me, failing which I shall indemnify Euro Exim Bank for any reasonable costs or expenses arising or in connection thereto. 6. Upon the occurrence of any of the following events, Euro Exim Bank may (without demand or notice) terminate the Account(s) and/ or realise all or any of my Contracts and other investment transactions concluded directly or indirectly with or through Euro Exim Bank to repay my Outstanding Indebtedness to Euro Exim Bank including all interest, costs and expenses in connection with the recovery of such

indebtedness: -

a. My failure to comply with any provision of these Terms and

Conditions or any

other Agreement;

b. Any grounds exist for the presentation of a bankruptcy petition

against me;

c. My death or insanity; d. A receiver, trustee, custodian, judicial manager or similar official is appointed or an encumbrancer takes possession of me or the whole or any substantial part of my property or undertaking; e. The institution or commencement by petition, application, entry of an order for relief or otherwise of any bankruptcy, insolvency, reorganisation, arrangement, composition of debt, dissolution, liquidation or any similar proceeding relating to me under any

applicable law;

f. The performance of any obligation of mine or Euro Exim Bank under these Terms and Conditions becomes illegal or impossible; or g. It is required to comply with any Law or Regulation. 7. It is a condition that I do not: a. Act abusively, offensively or violently towards Euro Exim Bank

staff; or

b. Become bankrupt; or c. Misuse my account; or d. Act dishonestly with Euro Exim Bank; or e. Act in any way to give rise to reasonable suspicion of fraud or other criminal activities; And, if any of the above applies, I will be in breach of these Conditions and Euro Exim Bank can close my account.

USING BANK CARDS

1. Cards are Euro Exim Bankâ€™s property and Euro Exim Bank can ask me to return them to Euro Exim Bank. 2. Euro Exim Bank will tell me how to obtain the PIN to be used with my card. Euro Exim Bank may also ask me to provide my Personal Security Details as a means of identification, for example when buying

goods with my card.

3. I will cancel my card by notifying and returning it to Euro Exim Bank. I must cut my cards once it has been cancelled. UNAUTHORISED TRANSACTIONS 1. I will be responsible for all losses arising from unauthorised transactions on my Account as a result of: a. Acting fraudulently, or b. Intentionally or with gross negligence failing to use the Mobile Banking app in accordance with the Terms (including keeping safe my Mobile Banking security details), or c. Intentionally or with gross negligence failing to notify Euro Exim Bank if I know or suspect someone else knows my Mobile Banking security details or has used or tried to use my security details. ABNORMAL AND UNFORESEEN CIRCUMSTANCES 1. Euro Exim Bank is not responsible if Euro Exim Bank does not comply with any of the Terms: * â€¢ Due to abnormal and unforeseeable circumstances beyond Euro Exim Bankâ€™s control, the consequences of which would have been unavoidable despite all efforts to the contrary; or * â€¢ Where our failure to comply is due to our obligations under the applicable laws.

THIRD PARTY CHARGES

1. There may be other third-party banks that apply charges in effecting the International Payment which may be deducted from the amount transferred by me or from funds received by me via an International Payment. This will mean that the sum received by the beneficiary or by me may be less than the amount I have sent or received. b) If any charges are passed back to Euro Exim Bank by a third-party bank, Euro Exim Bank reserves the right to debit my account with these charges.

FATCA/CSR POLICY

1. INFORMATION EURO EXIM BANK DISCLOSE: Subject to applicable local laws, I hereby consent for Euro Exim Bank or any of its affiliates (including branches) to share my information with domestic or overseas regulators or tax authorities where necessary to establish my tax liability in any jurisdiction. 2. INFORMATION MUST BE CORRECT: I agree and undertake to notify Euro Exim Bank Limited within 30 calendar days if there is a change in any information which I have provided to Euro Exim Bank Limited. 3. WITHHOLDING OF FUNDS: Where required by domestic or overseas regulators or tax authorities, I consent and agree that Euro Exim Bank Limited may withhold, and pay out, from my account(s) such amounts as may be required according to applicable laws, regulations, agreements with regulators or authorities and directives. CUSTOMER DATA RETENTION POLICY 1. The bank will implement and adhere to information legislation and policies relating to my information and will ensure that my information is securely disposed of at the end of the seven years

retention period.

DECLARATION

1. I represent and warrant that all information (including any documents) I have given to Euro Exim Bank in connection with the application is correct, complete and not misleading. (If this is not the case, I may be personally liable); 2. I authorize Euro Exim Bank to verify any of the information I have given Euro Exim Bank or my credit standing from anyone Euro Exim Bank may consider appropriate (such as an authority or credit reference

agency);

3. I acknowledge that Euro Exim Bank will perform due diligence and anti-money laundering checks prior to opening any account. 4. I acknowledge that Euro Exim Bank may decline my application without giving me any reason for doing so. If this happens, no contractual relationship arises between me or Euro Exim Bank; 5. I confirm and agree that Euro Exim Bank may give any information in connection with this application (including my personal information) to any service provider for the purposes of providing any service to me in connection with this application (including data processing); 6. I understand that by entering into our banking agreement I give indemnities, authorizations, consents and waivers and agree to limitations on our liability; 7. I consent to Euro Exim Bank contacting me at the address, email address and telephone numbers I have provided to Euro Exim Bank, to give me information on other products and services that Euro Exim Bank, or our strategic partners may offer; 8. If I am applying for an Account, I confirm that I have read and understood the terms and conditions governing the opening, operation and closure of the accounts with Euro Exim Bank Limited as published on www.euroeximbank.com or associated websites and agree to be bound

by it.

9. I agree that the account opening fees are non-refundable once paid. 10. I authorise the bank to review the account(s) and transactions from time to time and agree to provide further documents and clarification upon request. Failure to provide such documents and clarifications may result in closure of the account(s) without any

notice.

11. I agree to provide evidence to support inward and outwards remittances as and when required by the bank. DECLARATION OF ACCEPTANCE: I declare that the particulars given by me/ us are true. I confirm that I have read the terms and conditions governing the opening, operation and closure of the accounts with Euro Exim Bank limited as published on www.euroeximbank.com and agree to be

bound by them.

×

ACQUIRE YOUR TRADE INSTRUMENTS WITHIN 48 HOURS* Choose Instrument type* Letter of credit Standby Letter of credit Bank Guarantee Proof of Funds Others By providing your information, you grant consent to be contacted by Euro Exim Bank and you agree to Privacy Policy

and Terms

& Conditions.

Get a call

MODAL TITLE

×

Modal body text goes here.

Save changes Close

MODAL TITLE

×

Modal body text goes here.

Save changes Close

STANDBY LETTER OF CREDIT A standby letter of credit (SBLC) is a payment guarantee issued by a bank on behalf of a client that acts as a "payment of last resort" if the client fails to fulfill a contractual obligation to a third party.

Discover

BANK GUARANTEE

A bank guarantee is a commitment made by a lending company to cover a loss if a borrower (their customer) defaults on a third-party loan.

Discover

HELPING YOU STAY AHEAD OF THE GAME We aim to accelerate your import & export business transactions and connect you to new opportunities.

Discover

LETTER OF CREDIT

In international transactions, LCs are used to ensure that payment is obtained when the buyer and seller are unfamiliar with each other and operate in separate countries.

Discover

BANK GUARANTEE

A bank guarantee is a commitment made by a lending company to cover a loss if a borrower (their customer) defaults on a third-party loan.

Discover

HELPING YOU STAY AHEAD OF THE GAME We aim to accelerate your import & export business transactions and connect you to new opportunities.

Discover

LETTER OF CREDIT

In international transactions, LCs are used to ensure that payment is obtained when the buyer and seller are unfamiliar with each other and operate in separate countries.

Discover

__

OUR FEATURES

EURO EXIM BANK HAS THE QUICKEST ISSUANCE PROCEDURES, ENSURING THAT YOU SPEND MINIMUM TIME ON PROCESS AND DOCUMENTATION THAN THROUGH OTHER

INSTITUTIONS.

FINANCIAL INSTRUMENT APPLICATION FORM

WORKING WITH RIPPLE

Euro Exim Bank has joined Ripple, connecting banks, payment providers and digital asset exchanges via RippleNet to provide clients one frictionless experience to send money globally. Operating collaboratively with Ripple and selected counterparts, we are implementing both xCurrent and xRapid building on its extensive technology capabilities and blockchain expertise in trading systems.

XCURRENT

Institutions are able to instantly settle cross-border payments with end-to-end tracking. Payment details are confirmed prior to initiating the transaction through secure real-time messaging and confirmed with delivery information once it settles.

ODL

This system will use underlying XRP digital assets to minimize liquidity costs, enabling local recipients to be paid in local currency, assisting not only secure flow of money but also reduce cash

flow restrictions.

EURO EXIM BANK IS WORKING WITH RIPPLE

Watch __

* The Nirvana of Borderless Trade? An Interview with Euro Exim Bank * Euro Exim Bank Integrates Ripple’s xRapid Solution * Ripple Partner Euro Exim Bank Successfully Integrates XRP-Powered

xRapid

* Ripple & Euro Exim Bank: Where To Next? * Euro Exim Bank Proposes use of Ripple’s xCurrent for its new Trade Finance System

Close

OUR SERVICES

TRADE FINANCE INSTRUMENTS Trade finance services are primary products of Euro Exim Bank’s business model. With our experience and knowledge in trade finance industry we are ready to provide a reliable and effective service for our clients international business transactions. Euro Exim Bank is specialized and have the quickest issuance procedures, ensuring that you spend minimum time on process and documentation than through other

institutions.

Discover More

Also known as Deferred Payment LC or Time LC or Term LC is a letter of credit payable at a predetermined time / future date after the conforming documents are presented. Bank UPAS means Usance Payable at sight. Under this letter of credit, the exporter will get the payment at sight if the documents are credit compliant. The importer will be charged interest, acceptance commission and other charges as per the terms of LC for using this letter of credit. A UPAS LC is used when the exporter/beneficiary want immediate payment for his goods where the applicant may not have the facility with his bank to issue sight LC's.

MISSION

“WE” MEMBERS OF EURO EXIM BANK, AIM AT PROVIDING OUR CLIENTS QUALITY FINANCIAL SOLUTIONS AND FLEXIBILITY. WE ARE A ONE-STOP SOLUTION FOR CORPORATES. WE PROVIDE THEM SOLUTIONS THROUGH INNOVATIVE VALUE-ADDED PRODUCTS AND SERVICES, TO HELP THEM TO ACHIEVE SUSTAINABILITY. WE ALSO ENSURE THEY ARE AWARE OF THE STRONG CSR POLICY, REGULATORY COMPLIANCE, AND ENVIRONMENTAL AWARENESS. OUR DUE DILIGENCE, KYC, AML, PEP, CFT AND SANCTIONS CHECKS ENSURE DEAL INTEGRITY AND GUARANTEE OF FINANCIAL TRANSACTION SETTLEMENT.

VISION

WE TEND TO PROVIDE OUR CLIENTS HIGHLY SECURED AND UNINTERRUPTED ACCESS THROUGH OUR CUTTING-EDGE DIGITAL PLATFORM. WE ARE LEADERS IN FUTURE PROOFED TECHNOLOGY THAT EMBRACES BLOCKCHAIN, PAYMENT, AND LIQUIDITY SOLUTIONS THUS BENEFITING OUR CLIENTS WORLDWIDE. WE AIM TO PROVIDE OUR CLIENTS PREMIER FINANCIAL SERVICES WITH OUR TOP-NOTCH TECHNOLOGY AND OUR PROFESSIONALLY QUALIFIED TEAM. WE HAVE A COMPETENT TEAM OF DIVERSE PROFESSIONALS WITH COMBINED EXPERIENCE IN INTERNATIONAL RELATIONS.

VALUES

WE BELIEVE TEAMWORK EMPOWERS A WORKPLACE. WE ARE REALLY DEDICATED IN PROVIDING OUR CLIENTS WITH PROMPT RESPONSES. WE ARE COST EFFECTIVE AND TIME EFFICIENT. WE HAVE A SYNERGETIC NETWORK OF GLOBAL ASSOCIATES, CONTACTS, AND CORRESPONDENTS. AWARDS AND RECOGNITION

CFI.CO AWARDS

×

Winner of the highly coveted CFI.co’s Best Global Trade Services Bank award in 2018 & 2019.

2019 - www.cfi.co

2018 - www.cfi.co

INTERNATIONAL FINANCE AWARDS INTERNATIONAL FINANCE AWARDS

×

Awarded for the Best Trade Services Bank in Caribbean for 2019. www.awards.internationalfinance.com MIRROR REVIEW AWARDS MIRROR REVIEW AWARDS

×

Recognised as one of The 10 Best Financial Solution Providers to look

for in 2019.

www.mirrorreview.com FINANCE, BANKING & INVESTOR FINANCE, BANKING & INVESTOR

×

Winner of the Best Global Trade Services Bank of the Year Award for 2019 from FBI Magazine by Asian Voice.

www.asian-voice.com

THE CEO VIEWS AWARDS THE CEO VIEWS AWARDS

×

Recognised as Top 50 Most Innovative Companies To Watch in 2020

www.theceoviews.com

THE CXO FORTUNE AWARDS

CFI.CO AWARDS

×

Recognised as 10 Most Influential Companies of the Year 2020 www.thecxofortune.us WHAT OUR PARTNERS SAY ABOUT US “GTR has a long-standing relationship with Euro Exim Bank, who frequently exhibit at and contribute meaningfully to GTR’s global events. We are proud to be a partner of Euro Exim Bank and of our ongoing collaboration with them.” - Jeff Ando, Director Conference Production, | Global Trade Review "At Lowtax, we are excited to work with Euro Exim Bank. As one of the world's most innovative financial institutions, Euro Exim Bank uses the very best of cutting edge technology in the financial industry to make international banking and cross-border transactions as efficient as possible for its clients". - Ewan Pettman, Sales Director | Lowtax.net "Euro Exim Bank is an innovative company that is incredibly focused on providing their customers with a quicker, cheaper payment experience. By using XRP for on-demand liquidity - as well as xCurrent - they are delivering on that promise. We're excited to have them on RippleNet ." - Marcus Treacher, SVP of Customer Success, | Ripple

Previous Next

SUBSCRIBE TO OUR NEWSLETTER,

THE TRAILBLAZER

By signing up for our free monthly e-newsletter Trailblazer, you agree to our Terms & Conditions

,

Privacy Policy

.

(Euro Exim Bank is in compliance with General Data Protection Regulation (GDPR) introduced across Europe on 25 May 2018.)

ABOUT US

* About EEB

* Licence and Certification

* Media Centre

* Euro Exim Foundation

* Careers

* Financial Services Regulatory Authority (FSRA) of St. Lucia. TRADE FINANCE SERVICES

* Letter of Credit

* Standby Letter of Credit

* Bank Guarantee

* Proof of funds

PRIVACY & LEGAL

* Privacy Policy

* Terms & Conditions

DISCLAIMER

Euro Exim Bank Limited is a Group of Companies with Registered Office in Saint Lucia and a Representative Office in the United Kingdom. EURO EXIM BANK LTD (REGISTERED OFFICE) is a Class A International Banking Financial institution incorporated under the revised laws of St. Lucia. The license provides authorisation to conduct business with third parties across industries and geographies worldwide. This office does not provide any services to any natural person or legal entity in St. Lucia and is regulated by the Financial Services Regulatory Authority in St. Lucia. EURO EXIM BANK LIMITED (REPRESENTATIVE OFFICE) is a company incorporated under the laws of England and Wales with company registration number 07520196. This entity is a non-banking financial institution that facilitates international business transactions through issuance and relay of various trade finance instruments. The London-based Representative Office offers Letters of Credit and Standby Letters of Credit to corporate clients only. This office does not provide regulated or controlled services or activities. Important Notice: Euro Exim Bank Ltd would like to advise its customers to report any suspicions which they may have regarding the identity of any intermediary who promotes products or services of the Bank or any intermediary bearing similar names. You should verify with Euro Exim Bank by calling the Bank's Customer Service Number on +44203 011 0133 or emailing info@euroeximbank.com. Please also be aware of bogus SMS messages and voice message calls or fraudsters who impersonate the staff of Euro Exim Bank. Copyright © 2021 All rights reserved | Euro Exim Bank

* __

__ Top

Details

Image Url

HTML Url

Moderation By

More Annotations

James Lee

2020-11-20 10:46:47

James Lee

2020-11-20 10:46:49

James Lee

2020-11-20 10:46:52

James Lee

2020-11-20 10:46:55

James Lee

2020-11-20 10:46:59

James Lee

2020-11-20 10:47:04

James Lee

2020-11-20 10:47:07

James Lee

2020-11-20 10:47:12

James Lee

2020-11-20 10:47:16

James Lee

2020-11-20 10:47:19

James Lee

2020-11-20 10:47:21

James Lee

2020-11-20 10:47:25

Favourite Annotations

James Lee

2020-06-02 09:42:33

James Lee

2020-06-02 09:42:46

James Lee

2020-06-02 09:43:00

James Lee

2020-06-02 09:43:07

James Lee

2020-06-02 09:43:26

James Lee

2020-06-02 09:43:46

James Lee

2020-06-02 09:43:58

James Lee

2020-06-02 09:44:30

James Lee

2020-06-02 09:44:38

James Lee

2020-06-02 09:44:55

James Lee

2020-06-02 09:44:55

James Lee

2020-06-02 09:45:06

Text

EURO EXIM BANK

EURO EXIM BANK

EURO EXIM BANK

economic

procedures.

EURO EXIM BANK

EURO EXIM BANK

EURO EXIM BANK

economic

procedures.

rules for every

EURO EXIM BANK

EURO EXIM BANK

economic

procedures.

EURO EXIM BANK

institution_

JUSTICE

EURO EXIM BANK

EURO EXIM BANK

economic

procedures.

EURO EXIM BANK

institution_

JUSTICE

COVID-19 ARCHIVES

rules for every

EURO EXIM BANK

EURO EXIM BANK