Our Services

SERVICES-TRADE FINANCE SOLUTIONS WE OFFER

MIB offers conventional and innovative and structured Trade Finance solutions aimed at streamlining your international trade flows, improve cash flows and achieve business to be conducted and grow with minimum loss of time and wasted costs.

With investments in technology and experienced professionals, MIB has built formidable capabilities which are highly considered in the industry. We strive to ensure that you receive timely, informed Trade Advisory Services on financial services we are able to offer for given business, trade sectors, and available opportunities. From procurement to realisation and in addressing all relevant requirements and trade credit services for your business

HOW WE DO?

With over 25 years of experience in international financing advisory services, MIB is able to offer its clients efficient and innovative solutions in trade finance through its various professional collaborations. Miami International Bank Limited can offer value add on services such as budgetary meetings and overview potential and new business opportunities.

Import services: MIB offers the client in every import process by providing with short term credit, arranging for buyer’s credit, import bill collection services, and importer’s Letter of Credit based on client’s acceptability, the suitability of trade and trade credit finance option.

Export services: MIB offers the client in every export procedure by arranging payments for the raw materials and filling the gap in finance by insuring the shipment based on the client’s acceptability, the suitability of trade, and trade credit finance option.

Related services: besides these integrated trade services, MIB also provides other trade related services such as revolving guarantees subject to criteria and terms and conditions being met.

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Letters of Credit

Letter of Credit means: Any arrangement, however, named or described, that is irrevocable and thereby constitutes a definite undertaking of the issuing bank to honour a complying presentation. It not only guarantees product protection but also ensures flexible payment terms.

Documentary Collection

Documentary Collection (DC) occurs when a seller instructs his bank to forward documents related to the exporting of goods or services to the buyer’s bank, then requesting to present these documents to the buyer for their payment. The contract will also include the conditions under which conditions the documents can released to the buyer.

Performance Guarantee

Performance Guarantee is an agreement between a Client and a Contractor. The bank offers a guarantee to the client on behalf of a contractor that work will be done as per the agreement. A Performance Guarantee is issued by a financial institution or bank to a contractor, to promise completion and the due performance of the works of the service, as described in the contract documents.

Bank Guarantee

A guarantee means giving something as security. A bank guarantee is when a bank offers surety and guarantees for different business obligations on behalf of their customers within certain regulations. It is generally a promise made by the bank to any third person to undertake the payment risk on behalf of its customers.

Standby Letter of Credit (SBLC)

A Standby Letter of Credit (SBLC) is a guarantee that is made by a bank on behalf of a client, which ensures payment will be made even if their client cannot fulfill the payment. It is a payment of last resort from the bank, and ideally, is never meant to be used.

Proof of Funds Documents

Proof of Funds (POF) is a letter or documentation that certifies that an individual, institution, or corporation has sufficient funds (money) to complete a transaction. A POF is typically issued by a commercial bank to provide confidence or assurance to another party – typically a seller – that the individual or entity in question has sufficient funds to complete an agreed-upon purchase.

BANK FOR YOU

It’s Easy to Find Us

Address: 124 Bakers Street,
London, United Kingdom
Email: info@miamiinternationalbank.com

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Miami International Bank is an international bank that provides a wide range of financial services to individuals and businesses.

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124 Bakers Street
London, United Kingdom

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