We at Axios Credit Bank offer international letter of credit services in Malaysia for your business requirements. Now assure your suppliers with our letter of credit and make business transactions easy. Procedure for a Letter of Credit 1. Opening 2. Notification/confirmation 3...

The mindset you have plays a crucial role in overcoming business failure. It starts with a willingness to adapt and a flexible, upbeat attitude. Whether or not failure inevitably leads to success depends on how we handle it. People tend to strike the most evident immediate iss...

A letter of credit is the most secure form of payment available in international trade for both importers and exporters. It is issued as a legal, written document guaranteeing that the seller will be paid on time by the issuing bank in the event the buyer defaults or is unable...

The latest news says the Asian Development Bank (ADB) has signed a supply chain finance deal with the Bank of Georgia to share around 50% of its risks related to supply chain finance transactions with the main purpose of strengthening financing and reducing supply chain manage...

As per the latest news, the Panama-based multinational bank Banco Latinoamericano de Comercio Exterior (Bladex) has turned into the first bank in Latin America to collaborate with Dubai-headquartered Fintech Innovations International DMCC’s TradeAssets platform. By associating...

As per the latest news, a rise has been seen in the acknowledgement of supply chain finance in emerging economies to support the development of the global supply chain finance market. The Covid-19 pandemic significantly improved the interest in new technologies, including elec...

What Is A Letter Of Credit? A letter of credit is a legal, written document that guarantees the buyer’s timely & full-fledged payment to the sellers. The buyer’s bank issues it to compensate the seller if the buyer defaults or cannot pay the seller. In such cases, the bank...

Looking for an international offshore banking service provider in Malaysia? We, at Axios Credit Bank, provide offshore banking services to investment bankers, businesses & also to individuals. The Axios Credit Bank is one of the leading offshore banking service providers i...

A letter of credit is a promise by a bank on behalf of the buyer (customer/importer) to pay the seller (beneficiary/exporter) a specified sum in the agreed currency, provided that the seller submits the required documents by a predetermined deadline. Advantage for the seller:...

Letters of Credit and Bank Guarantees are the two most commonly used trade finance instruments in an international trade deal. Both are issued by a bank or legal financial institution to mitigate the payment risks between the parties as well as to safeguard the parties’ intere...

A letter of credit has a vital role in reducing the payment risks for exporters as well as ensuring on-time delivery of ordered goods for importers in international trade transactions as per the mentioned terms in the LC agreement. But what is an LC? A letter of credit is simp...

An international letter of credit is one of the secure methods of payment in global trade to secure high-value transactions. The issuing bank guarantees an exporter to pay the full-fledged amount for delivered goods/services in the event the importer ie. the applicant is unabl...

Being a global trader, you might know the importance of letters of credit. It is one of the most secure payment instruments available in international trade for both importers & exporters. The issuing bank guarantees to pay the exporter on behalf of the importer ie. the ap...

The current banking & financial system is lagging due to its following of outdated central banking policies, moderate interest rates, illegal migration & trade of goods, money laundering, online fraud, and various global restrictions. And this is the reason global trad...

Running an international trade is a tough nut to crack especially for exporters as they are surrounded by a plethora of risks associated with overseas trade. On one hand, they need to take care of managing an efficient working capital to ensure fund availability to further fin...

If you are an importer dealing in international trade transactions, you might need import finance. But what import finance is and which import finance solution is beneficial for an organization. In this article, we are explaining everything you need to know about import financ...

Export finance covers a wide range of trade finance instruments and services to mitigate the payment risks of worldwide exporters. If an exporter is not capable of waiting until the importer receives the shipped goods and re-sell them to release payment, this essential segment...

Import finance is a specific type of trade finance solution that helps importers to finance the purchase of required goods & services which are being imported by him from another country to his country. It provides security to the importers, mitigates risks as well as main...

The COVID-19 pandemic left every corporation with immense challenges. The worst-hit sector is the small businesses. They are facing decreased revenues and liquidity. On the supply side, there is less labor force and disrupted shortages. Studies have found that one of the best...

According to the latest reports on Sept. 6, 2021, BNY Mellon has joined consortium endeavors to bring blockchain technology into global trade finance and digitizing the procedure of facilitating working capital to both suppliers and purchasers across the world. Digital trade f...

A bank guarantee is a type of legal assurance whereby an issuing bank ensures the beneficiary that the liabilities of the buyer (applicant) will be fulfilled by the bank in case the buyer fails. To put it simply, in a BG, the guaranteeing bank performs due diligence on the beh...

The sudden outbreak of the global pandemic of Covid-19 had its adverse effects across the world. But as the world economies are recovering, & reestablishing their pre-pandemic position in the market, various industries are witnessing themselves wrapped in a digitally trans...

Taking risks is an avoidable part of running a business and the chances get doubled when it involves international trade & transactions. Foreign trade deals are more prone to develop associated overseas risks and the risks of non-payment & non-performance are the most...

Despite the long-standing need of making the supply chain more resilient, the global emergency of Covid-19 took the task to a new level. By the beginning of 2020, 75% of businesses experienced a global supply chain disruption along with the increased demand for goods & ser...

The sudden outbreak of the global pandemic of Covid-19 has shown the significance of shifting from traditional paper-based trade processes to digitization for international trade to survive in the market. Various industries are already on their way to adopt suitable technologi...

Trade finance is an important component of global trade and as the world economy is recovering from the global pandemic of Covid-19 to survive in the competitive market, we are witnessing transformed trade finance activities with the adoption of digitization. Many large, small...

What Is A Free Trade Agreement? A free trade agreement or FTA is an arrangement between two or more countries to reduce trade barriers to encourage easier imports & exports. Under an FTA, a group of countries signs a trade agreement according to which goods & services...

SMEs ie. Small & medium-sized enterprises play a vital role when it comes to strengthening the economy, especially in developing countries. They represent about 95% of the global economy and are considered an important contributor to job creation with a significant majorit...

Operating business internationally i.e. across the border is way more difficult than operating domestically due to obvious reasons such as differences in languages, rules & regulations, culture, politics, legislation, foreign currency fluctuations and logistics of exportin...

Traveling abroad is a great experience to have your energy revived but it often ends with going over the budget for many individuals. To avoid the situation, prepaid visa cards are one of the best options one should consider as they don’t let travelers spend more than the limi...