Topics
- Buyers Credit (55)
- Buyers Credit Accounting (1)
- Buyers Credit on Precious Metals (6)
- Currency Hedging (3)
- Form 15CA and Form 15CB (5)
- Income Tax (6)
- Letter of Comfort (LOC) / Letter of Undertaking (LOU) (5)
- Letter of Credit (LC) (2)
- LIBOR (6)
- Others (5)
- RBI Regulation & Circulars (18)
- Suppliers Credit (32)
- Withholding Tax (8)
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Articles
- Swift Code & Messages Used in Buyers Credit Transaction
- Tax Residency Certificate Not Required in Prescribed Format
- Surcharge and Education Cess on Withholding Tax
- Transfer of Limits from One Bank to Another : Buyers Credit Rollover Process
- Buyers Credit on Import of Precious and Semi Precious Stone
- Myanmar Economic Sanctions – Background, Recent Relaxation & Trade Finance
- Buyers Credit on High Sea Sales Transaction
- Withholding Tax (WHT) is applicable on Suppliers Credit Transactions
- How to Calculate Total Cost of Buyers Credit
- Bank Finance for Purchase of Gold
- Buyers Credit with 6 Month Libor Reset
- Review of Trade Credit All-In-Cost Ceiling
- Impact of Libor Review on Trade Finance in India
- Pushing the reset button on LIBOR – Speech by Martin Wheatley
- Certificate of Tax Residency under DDTA (Withholding Tax)
- Buyers Credit on Jewellery
- Overdue Interest and Late Payment Charges on Buyers Credit
- Prepayment of Buyers Credit
- Trade Credit Extended Upto 5 Years for Infrastructure Firms
- Difference Between EURIBOR & EUR Libor
- Banks Insisting of Forward Booking for Buyers Credit Exposure
- 5% WHT as per Sec 194LC not applicable to Buyers Credit
- Form 15CA & 15CB Not Applicable on Interest payment to Indian Bank Branches
- Basel III – Future Impact of Trade Finance
- Suppliers’ Credit or Buyers’ Credit is not available for Merchanting Trade
- IMO Number and Its importance in case of Buyers Credit
- Country-wise Double Taxation Summary Chart on Interest
- Consequence of Non Deduction of Withholding Tax (WHT / TDS)
- Form 15CA and 15CB under Section 195 of Income Tax
- OFAC Countries & Implication on Buyers Credit
- Review of all-in-cost ceiling – Trade Credit
- Buyers Credit All-In-Cost Ceiling may move back to L+200bps from 01/04/2012
- Buyers Credit for Imports Under Direct Documents
- Difference between Buyers Credit and Letter of Credit (LC)
- Comprehensive Guidelines on Foreign Exchange Derivatives
- Recent Changes to India’s Currency Forward Contract Norms for Hedging
- RBI Increase Buyers Credit All-in-Cost Ceiling
- Buyers Credit Accounting Entries
- Infrastructure Companies – Bridge Finance before availing ECB
- Buyers Credit on Capital Goods
- Buyers Credit Interest Rate (LIBOR + Margins)
- Bankwise Letter of Comfort / Undertaking Charges
- Buyers Credit on Gold Import
- LIBOR Rates: Brief, History, Currencies, Maturities
- Transaction where Buyer’s Credit is Restricted
- Sample format of Letter of Undertaking / Comfort (LOU / LOC)
- Import of Platinum, Palladium, Rhodium, Silver
- Buyer’s / Supplier’s Credit on Rough, Cut and Polished Diamonds
- Buyer’s Credit Rollover
- Buyer’s Credit from Mauritius Based Foreign Bank
Old Article
- Procedure for Buyers Credit in India
- RBI Trade Credit (Buyers/Suppliers Credit) Circular Extract
- WHT (Withholding Tax) on interest on Buyers Credit
- Letter of Comfort / Undertaking (LOC/LOU) Charges
- Buyer’s Credit in Cross Currency
- Supplier’s Credit India – Meaning & Process
- Difference between Buyer’s Credit and Supplier’s Credit
- Buyer’s / Supplier’s Credit Consultants
About the Author
Monthly Archives: August 2011
Buyers Credit on Capital Goods
Buyers Credit can be used both for Raw Material and Capital Goods. Below article gives complete detailed information about buyers credit on Capital Goods along with process and sample sanction letters. Continue reading
Buyers Credit Interest Rate (LIBOR + Margins)
Factors which play important roles in Margin are Availability of Funds, Cost of Funds, Tenure, Banks Lines, Internal Minimum Margin and External Factors. Continue reading
Posted in Buyers Credit, Suppliers Credit
Tagged Buyers Credit, Cost of funds, Foreign Bank, Indian Bank
3 Comments
Bankwise Letter of Comfort / Undertaking Charges
Letter of Undertaking (LOU) / Letter of Comfort (LOC) charges as given in respective bank’s website. These rates may vary from customer to customer, based on their negotiation with bank. Continue reading
LIBOR Rates: Brief, History, Currencies, Maturities
LIBOR stands for London InterBank Offered Rate, indicative average interest rate at which a selection of banks are prepared to lend one another unsecured funds on the London money market. There are 150 different LIBOR interest rates and is calculated for 15 different maturities and for 10 different currencies. Continue reading
Transaction where Buyer’s Credit is Restricted
Type of transaction where buyer’s credit cannot be done are Local Trade, Advance Payment, Merchanting Trade, Intermediary Trade Transaction and Import of Services. Continue reading
Posted in Buyers Credit, Suppliers Credit
Tagged article, Business, Buyers Credit, Finance, Import Finance, India, International trade, Suppliers Credit, Trade Credit
4 Comments
Sample format of Letter of Undertaking / Comfort (LOU / LOC)
Post receipt of offer letter from Indian Bank overseas branch or Foreign Bank, Indian Bank has to send Letter of Comfort / Undertaking (a type of Bank Guarantee) to overseas bank as security before funding the transaction. Continue reading
