FIMBank leverages a combination of financial resources and a physical presence across five continents to help clients manage and expand their international business. By blending global capabilities with deep local knowledge, we provide innovative products and services tailored to meet your business needs.

International Payments

FIMBank offers secure, efficient cross-border payment services, allowing for inward and outward transfers related to trade settlements, capital investments, and unilateral funds transfers in all major currencies.

• Payment Instructions: Orders received by 15:30hrs will be processed the same day. Orders after 15:30hrs will be processed the following working day.

• Same-Day Value Payments: Available in EUR, USD, or GBP for a fee as per the standard tariff. Payments in other currencies are processed on the same day, depending on the destination's time zone.

For assistance, contact our Central Customer Operations Team at +356 21322100 or email us.

Documentary Collections

Ensure security in international trade with FIMBank's Documentary Collections service. We provide exporters and sellers with greater security than open account transactions, though this service does not offer the same protection as a letter of credit. The bank's liability is limited to forwarding and releasing documents against payment.

Key Benefits:

• Fraud protection

• Guaranteed notification of payment or non-payment within a set timeframe

• Conformity with URC522 (Uniform Rules for Collections)

We also offer:

• Discounting of receivables

• Avalisation of bills of exchange and promissory notes

For more details, contact our Trade Finance Team at +356 21322100 or email tradecommodityfinance@fimbank.com.

Bonds & Guarantees

FIMBank offers Demand Guarantees, which ensure payment upon a complying demand. These guarantees are commonly used in construction contracts and international sales agreements to safeguard the buyer against non-performance.

• Features: Payable on first-written demand, typically with no additional documentation, except a statement of breach.

• Governing Rules: Issued under Uniform Rules for Demand Guarantees (2010), Publication 758 by the International Chamber of Commerce.

Our services include expert assistance in vetting guarantee texts and providing trade solutions based on guarantees.

For inquiries, contact our Trade Finance Team at +356 21322100 or email tradecommodityfinance@fimbank.com.

Letters of Credit (LC)

The Letter of Credit (LC) is a secure payment instrument widely used in international trade. It offers both the buyer and seller the confidence that the transaction will proceed smoothly, with payment guaranteed by the issuing bank upon the presentation of required documents.

Benefits for Buyers and Sellers:

• Buyers are assured payment is only made when the seller complies with the terms of the LC.

• Sellers are guaranteed payment as long as they meet the specified conditions.

We specialise in various types of LCs, including:

• Transferable LCs: Allow the first beneficiary to transfer credit to a second beneficiary.

• Back-to-Back LCs: Mirror an inward LC to cover import transactions.

• Standby LCs: Function as a default or payment instrument.

• Revolving LCs: Ideal for regular consignments, automatically or through amendments.

• Red/Green Clause LCs: Enable financing for procurement of goods, with Green Clause also requiring warehousing.

Additional Support for Letters of Credit:

• Expert opinion on LC terms and conditions

• Confirmation of LCs from emerging markets

• Assistance in documentation preparation and checks

FIMBank operates under the UCP 600 guidelines (Uniform Customs and Practice for Documentary Credits, 2007 Revision).

For further details, contact our Trade Finance Team at +356 21322100 or email tradecommodityfinance@fimbank.com.

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