You are here: Wholesale Banking > Financial Institutions & Trusts > Trade Finance Services                                                 

Trade Finance Services
Overview
Financial Institutions & Trusts
Overview
Co-operative banks can avail of the following services:

Collection of Export Bills
HDFC Bank handles collection of export bills both in Foreign Currency and Indian Rupees. The FEDAI rates plus out of the pocket expenses form the basis of the pricing. Commission sharing depends mainly on the volume and value of transactions.

Import Collection Documents
The bank can process import collection documents of the client bank's customers. The commission applicable to these transactions will be as prescribed by FEDAI and can be shared on a mutually agreed basis.

Collection of Foreign Currency Instruments
We have strong tie-ups with some of the leading overseas banks which enable us to handle collection of cheques / Drafts / TCs / Money Orders of different currencies drawn on various countries which in turn provides faster realisation of the instruments.

The pricing will be as per the FEDAI rules. The above credits are with recourse to the client's account. Any cheque returned subsequent to the above credit period, will be recovered by way of a debit to the client's account maintained with us at the prevailing exchange rate. An additional cheque return charge of Rs. 100/- will also be levied.

Foreign Inward Remittances
Customer remittances can be effected through our various correspondent banks which can be converted into INR with direct credit to the account. The bank has an arrangement to receive online balances from our correspondent banks overseas which enable us to provide immediate credit to our client's accounts.