MAY INT partners with the London Forfaiting Company and the digital factoring platform Stenn, which is the largest and fastest-growing online platform for receivable finance in international trade. They are both based in London, provide financing services in 74 countries, and are backed by financial giants like HSBC, Barclays, Natixis, and many others.
-Facilitate foreign currency funding for trade credits to importers in Bangladesh at competitive pricing for an extended period as per the operating cycle.
-Can accommodate high-volume transactions and can be adapted to your trading cycle.
-The product facilitates the payment of a Usance LC at sight to the exporter or seller, while payment settlement from the importer or buyer to the LC issuing bank occurs on the due date as per the contract terms.
-Can enhance your reputation with suppliers by allowing you to accept shorter payment terms.
-Could reduce your overall borrowing costs.
The primary aim of this instrument is to act as a safety net for both the buyer and seller in the fulfillment of each party’s obligations during a commercial trade. Due to the nature of international transactions, including factors such as distance, differing jurisdictions, language/cultural barriers, etc., the use of letters of credit has become a very important aspect of international trade.
MAY INT has advised over 200k LCs through its platform in countries like India, China, UAE, Singapore, etc.
Syndicated loans arise when a project requires too large a loan for a single lender or when a project needs a specialized lender with expertise in a specific asset class. Lenders can distribute risk and participate in financial possibilities that are too huge for their own capital bases by syndicating the loan.
In 2015 and 2016, MAY International successfully raised a total of USD 105 million for AB Bank's OBU through a syndicated loan arrangement against bond with Noor Bank Dubai (now Dubai Islamic Bank) acting as the lead arranger. With this expertise and experience, MAY INT continues to be a market leader in arranging alternative bank facilities.
International trade is an engine for economic growth and development, but it also accounts for some 80% of the world’s carbon emissions. This hub aims to report on how economies are tackling the challenge of meeting the targets preset by multi-country agreements, which set a path for signatory countries to reduce greenhouse gas emissions.
