To ensure speed, ease and safetyáof your trading transactions, Alpha Bank Cyprus Ltd offers you the following services:
- Documentary Letters of Credit for Imports - Exports
The Bank undertakes to pay the seller the value of the goods, upon receipt of the documents certifying the dispatch of the goods form the seller to the buyer. A credit limit may be offered to businesses and individuals who are involved in foreign trade on a constant basis.
- Letter of Guarantee
The Bank guarantees to third parties that its customers will honour their obligations. Letters of Guarantee may be issued in Euro or foreign currency for imports/ exports, good contractual performance, collection of advances, payment of instalments, subcontracting, bidding etc. A credit limit for the issuance of Letters of Guarantee may also be offered.
- Bills for Collection
The Bank undertakes the collection of documents that require the payment of money (e.g. import/ export documents) on behalf of its customers or other banks. This ensures prompt payments thus improving the cash flow of customers.
- Discounting of Export Documents
With this service, the Bank facilitates the merchants by financing the cost incurred in making the final arrangements before exporting their goods. Repayment is due when the exporter receives payment for the exported goods. A credit limit may be offered to businesses and individuals who are involved in foreign trade on aáregular basis.
- International Remittances
The Bank offers the following low risk, fast and inexpensive payment methods for international remittances:
The Bank offers Interest Rate Options and Interest Rate Swaps for covering positions only.á In addition, Foreign Exchange Options are also offered for covering exchange risk.