Merchant Trade Guarantee Corporation Company Limited

 Every business owner may face a situation when they can’t take forward their business due to the lack of finances. Well, in this respect, the financial guarantee can give the best solution. In Thailand, you will find many NBFCs (Non-Banking Financial Company) that are offering financial guarantees these days. Now, you are thinking about grabbing this opportunity, right? Prior to that, you must have a clear understanding of this term. So, before you opt for financial guarantees in Thailand , read the entire article. What Is Financial Guarantee? A financial guarantee is nothing but a contract given by financial institutions. With its help, an individual or a company can repay their debts. It can assure you to pay your debts when you are not able to do. How Financial Guarantees Work? For example, company X has several subsidiaries. And company A is one of them. However, company A wants to build a manufacturing facility. Hence, it needs funds and takes out a loan from an NBFC. In this...

Are you involved in export and import business? Do you have any idea about export documentary collections and import documentary collections? If no, then read this article to the end. Here you will get clear information on these.   Import Documentary Collections: Is it a good choice for international trade? Import Documentary Collections are tools issued by international banks in the export trade. In this case, most NBFC help to simplify the administration of a client’s documentary import collections. This service rendered by a bank concerned advising you of the delivery having taken place, collecting from you the payment for remittance to your supplier’s designated bank and at the same time releasing to you the shipping papers that you need to clear the goods. Import Documentary Collections are an easy and cost-effective option to Import Letters of Credit. You can manage transactions and collections in multiple currencies and receive notification via mail or phone calls when impo...