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SMBC Commodity and Structured Trade Finance team has numerous products and structures available in responding to Emerging Markets financing requirements of the Bank's clients.
For Letters of Credit, we can provide both silent and open confirmation. For certain Buyer Credit Risks, we can also provide payment guarantee services. Sumitomo is active in taking bank risks in most of the major Emerging Countries and can generally provide a commitment to your needs within 5 working days. In certain cases such as Turkey, Egypt, Iran, Thailand, Malaysia, South Korea, China, Vietnam, Sri Lanka, and India we can provide a commitment within the same day as the request is received.
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| L/C Refinance Facilities: |
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The Bank operates L/C Refinance facilities for leading banks in Iran, Turkey, South Korea, and Malaysia and we are currently looking to expand the coverage to Indonesia. While these lines are in general for exports from Japan there are exceptions to this such as Iran. Refinancing periods are generally for up to 360 days although certain lines are for 270.
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| Structured Receivables Finance: |
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SMBC has arranged and participated in various receivables financing in Africa, Middle East, Latin America and Eastern Europe.
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| Government/ECA Structured Transactions: |
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SMBC can mitigate or reduce country risks by utilising financing programs of governments and Export Credit Agencies.
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| Private Insurance Market Structured Transactions: |
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SMBC works closely with major insurers to structure tailor solutions to an exporter's individual contract requirements in some of the most problematic Emerging Market countries. We focus on high value contracts of $2.5m-$25m with payment terms of 3-5 years.
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