Download Structured Trade Finance - Embassy of India, Tel Aviv

STATE BANK OF INDIA,TEL AVIV
Banking Transactions/Facilities from
State Bank of India Tel Aviv
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INVESTMENT OPTIONS
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Foreign Direct Investment (‘FDI’)
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Long term investment.
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As per India’s FDI policy.
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FIPB - the Regulatory body
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Single window
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E Filing
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Restrictions in terms of sectoral caps/ sources/ instruments.
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Minister of Finance considers up to Rs 1200 Cr
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Cabinet Committee on Economic Affairs considers above Rs1200
crs
INVESTMENT OPTIONS(CONTD..)
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Foreign Institutional Investment (FII)
Short term investment window
Regulated by SEBI & RBI.
Available Instruments for FII
Shares, debentures and warrants of companies, Units of Mutual Fund,
Dated Government Securities, other Debt instruments, Derivative traded on
a recognized stock exchange, Commercial paper and Security Receipts
Investment limits on debt instruments /shares by FIIs
Cumulative FII investment limit in Government debt –USD 5 billion
Cumulative FII investment limit in Corporate debt - USD 15 billion
FIIs can individually purchase upto 10% and collectively upto 24% of the
paid-up share capital of an Indian company
This limit of 24% can be increased to sectoral cap/ statutory limit applicable
to the Indian company by passing a board resolution/shareholder resolution
FOREIGN INSTITUTIONAL INVESTORS
 Prohibitions on Investments by FIIs
 FIIs are not permitted to invest in equity shares issued by an Asset
Reconstruction Company.
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FIIs are also not allowed to invest in any company which is engaged
or proposes to engage in following activities:
Business of Chit Fund
Nidhi Company
Agricultural or plantation activities
Real estate business, or construction of farm houses or
Trading in Transferrable Development Rights (TDRs)
ROLE OF SBI,TEL AVIV
Products Offered at a Glance
Basic trade
finance
Structured trade
finance
•Letters of credit
•Bank guarantee
•Documentary collections
•Negotiation of Bills under LC.
•Suppliers Credit
•Remittance Facility
•Term Deposit Facility
Deposit Products •Overdraft Facility
Against Term Deposit
•Back to back letter of credit
•Risk Participation
•Any other trade finance
requirement
Corporate
Finance
•Working Capital finance
•Term Finance
•Syndication facilities.
•General purpose corporate loan
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TRADE FINANCE
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Our Product offering is managed by experienced staff who ensure that
import documents are processed and settled without any delay. The product
range includes:
Import Trade Finance
Issuance of Letter of Credit (L/C)
A SBI letter of credit gives you the assurance from India’s largest bank when
dealing with unknown suppliers, you can be sure that payment will be made
as per the credit arrangement only after the documents are duly received
and verified to be in order.
We can also help you secure your purchases by issuing a Back-to-back LC to
your suppliers with the same terms and conditions as the Master LC from
the End Buyer. However, Back to back LC facility is available to companies
having credit limits with our branch.
Import Document Collection
Our Branch informs your supplier to send their shipping documents to us so
that you can enjoy prompt advice upon our receipt of documents and
efficient payment according to your instructions.
TRADE FINANCE
Export Trade Finance
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LC Advising Service
We undertakes prompt advising of export Letter of Credits (LC)
issued by Indian branches of State Bank of India, its associate
banks along with most of the major banks across the world.
Confirmation of Export LCs
We add our confirmation to LCs issued by branches of SBI and
other Indian banks at a nominal charge.
TRADE FINANCE
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Export LC Negotiation
Our branch has the expertise to undertake negotiation of documents drawn under
LCs at attractive prices, depending on the size of individual transactions and/or
receptiveness of transactions requiring negotiation. SBI’s efficient service standards
ensure that your documents are negotiated and dispatched quickly.
Suppliers Credit
Under this scheme, the documents submitted by the beneficiary to us are
negotiated/discounted as per LC terms and 100% of the invoice value is released
immediately to the beneficiary less our charges. But the interest in this case is borne
by the beneficiary from the date of negotiation/discounting till the date of
maturity/actual receipt of funds from the LC issuing Bank.
Export Document Collection
Our branch offers superior services in outward collection bills both under LC and
those not covered under the LC.
TRADE FINANCE
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Structured Trade Finance
We can also provide Structured Trade Finance
transactions as per the specific requirements of
our clients.
Bank Guarantees
SBI Tel Aviv is ready to put the weight of our
esteemed global reputation and credit worthiness
to support your specific needs through a Banker’s
Guarantee, both performance and financial.
FUND BASED FACILTY
Corporate Loans
 We provide a wide range of banking and financial services to
facilitate the international operations of corporate.
 Our range of services include :Fund based Corporate Loans
 Our products can be broadly classified into:
 Short term Demand Loans and Revolving Credit facilities to
meet working capital requirements and even to tie up
temporary cash flow mismatches.
 Term Loans to meet medium to long-term fund requirements
for specific projects or capex requirements.
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FUND BASED FACILTY
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Credit Origination and Syndication facilities
With our vast network of branches in India and by virtue of being the
largest Indian Bank, State Bank of India has been in the fore-front of
arranging syndication deals in Asia. The loan syndication portfolio is
handled by an experienced team of officers with an exclusive focus
on transactions originating in the area.
Secured Overdraft
We also provide overdraft facilities against term deposits placed with
our branch to meet your short-term financing needs. With this, you
can continue your term deposits with us until maturity without
worrying about liquidity. We provide financing against both NIS as
well as USD term deposits and you can have the option of availing
the OD line in the same currency or alternate currency.
DEPOSIT & REMITTANCE FACILITY
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Corporate Fixed Deposit
Our branch offers attractive fixed deposit account
facility in an array of currencies and flexible tenors
catering to our corporate customers.
Choice of major global currencies for opening of
Fixed Deposit Account
New Israeli Shekel (NIS)
US Dollar (USD)
Pound Sterling (GBP)
Euro
DEPOSIT & REMITTANCE FACILITY
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Attractive interest rates to make your money grow
rapidly
Convenience of Auto Renewal provides easy
management of your account
Enjoy flexible tenors ranging from 1 month to 3 years*
to suit your business’ cash flow requirements
Premature payment facility available to cater to your
business cycle (Conditions Apply)
We also offer overdraft facilities against term deposits to
cater to your short-term cash flow requirements.
DEPOSIT & REMITTANCE FACILITY
SBI has a global and extensive network that
enables instant remittance of money with
attractive exchange rates.
Competitive rates for the following services:
 Outward Remittance
 Inward Remittance
 Deposit Products
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REQUIREMENT FOR OPENING AN ACCOUNT
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A copy of the Certificate of Incorporation or copy of filing receipt.
A copy of the Articles of Association.
A certified copy of a corporate resolution approved by the Board of Directors
of the company authorizing the opening of account and stating the names
of the official(s) who can do so and naming the official(s) who can operate
the account and the extent of powers vested in these officials and their
designation
Attorney's certificate
Specimen Signature Form with signatures duly verified by SBI official or
Notary Public.
A copy of unexpired, government–issued photo-identification evidencing
nationality or residence and bearing a photograph or similar safeguard,
such as a driver license, a non-driver photo ID, or passport or a similar
document, for each authorized signatory to the proposed account.
Corporate Registered in India: Submit Reserve Bank of India’s approval for
the opening of the account. If no specific approval is required, please
enclose copy of RBI notification granting general permission for opening the
account
REQUIREMENT FOR CREDIT LINE
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Beside completion of all formalities for opening
of an account a company seeking credit line
needs to satisfy following:
Externally rated by agencies like Moody’s
Midroog, S&P Mallot etc
Should be ready to provide collateral security
MAJOR CORPORATES DEALING WITH US
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Israel Aerospace Industries
Elbit Systems Limited
Rafael Advanced Defense Systems Limited
Elta Systems Limited
Elbit C4I Systems Limited
Israel Corporation Limited
Rada Electronic Industries Limited
ECI Telecom Limited
Orbit FR Engineering Limited
Pelmer Engineering Limited
Focal Energy
STATE BANK OF INDIA (SBI)
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Venerable institution with a 200+ year history
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Largest bank in India
 With more than 14,000 branches & 200,000+ employees ;
Asset base of over USD 360 billion
 Ranked amongst the top 100 banks in the world
 173 Offices in over 34 countries
 Correspondent banking relationship with more than 476 banks
across all continents.
 State Bank Group has a network of more than 25,000 ATMs
across India.
 Owned 61.58% by Government of India
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Proxy for the Indian economy
OVERSEAS EXPANSION
Network of 173 international offices in 34 countries
Correspondent banking relationships with 476 top ranking
banks in 118 countries
Excludes representative officesNote:
CONTACT PERSONS:
1.Mr.A.Purushothaman,Chief Executive Officer,
Mb No- 0543979111,
email: [email protected]
2.Mr.K.Mukherjee,Vice President (Credit),
Mb No- 0543979128,
email: [email protected]
3.Mr.Prashant Kumar, Manager (Credit),
Mb No- 0543979112,
email: [email protected]
4. Mr. Sudhir Kumar Suman, Manager (Trade Finance)
Mb No- 0548164640
email: [email protected]