Mashreq offers you a complete range of trade services, with service delivery standards which are among the highest in the industry. Our services range from Advising of your Letters of Credit to Risk Participation and providing Syndication Arrangements where we have the expertise and experience to assume a lead/arranger's role. Our financial and operational expertise enables us to offer you innovative products including:
Letters of Credit
From the simplest of trade related transactions, like Advising, Confirmation, Negotiation, and Discounting, to the more complex ones, involving structuring and participating in large deals, we provide our experitise in multiple countries and currencies to importers and exporters at highly competitive rates.
For advising on Letters of Credit (LC)in the Far East, we have AsiaLink, providing an integrated and seamless solution that caters to all aspects of the LC transaction through a single channel. The service encompasses all aspects of a LC transaction throughout the Far East through our Mashreq Hong Kong branch and covers Mainland China, Hong Kong, Japan, Singapore, South Korea and Taiwan.
We also provide LC confirmation requests to your import Letters of Credit anywhere in the world.
Mail to SWIFT
A simple, highly effective product that ensures that your Mail/Paper LC's reach the benefciary as fast as SWIFT LCs. The LC is advised to the beneficiary within 24 hours of your hand over to us.
- Bank to Bank Reimbursements offer fast and fully automated processes interfaced with SWIFT and Telex for efficiency and accuracy. We handle all your import related reimbusement authorisation and payments with an industry beating turn around time
- Reimbursement Undertaking is available once your LC has been advised through one of our offices or directly through the beneficiary's bank. Once received the undertaking can be issued in favour of a bank on your behalf at your request.
- Reimbursement Financing can be arranged to finance your reimbursement claims for an eligible usance period.
Import Reimbursement Authorisation System
This system is designed to establish Reimbursement Authorizations on your behalf. It allows you to view the status of reimbursement authorizations, claims and settlements online. It is also capable of tracking partial payments and residual amounts and make direct trade payments.
The World's Largest Banks Are Now Trapped
By Gary North
The subprime mortgage crisis constitutes the worst banking error in my lifetime. Nothing else comes close.
It has visibly begun to unravel. The European Central Bank on Tuesday, December 18, opened a line of credit of $500 billion to commercial banks.
The Federal Reserve System under Greenspan was the prime instigator. It forced down short-term interest rates by supplying the overnight bank-to-bank loan market with sufficient liquidity to drop the rate to 1%. This encouraged banks to make loans at low rates.
These loans were short-term loans
Banks Financing Mexico Gangs Admitted
In Wells Fargo Deal
Just before sunset on April 10, 2006, a DC-9 jet landed at the international airport in the port city of Ciudad del Carmen, 500 miles east of Mexico City. As soldiers on the ground approached the plane, the crew tried to shoo them away, saying there was a dangerous oil leak. So the troops grew suspicious and searched the jet.
They found 128 black suitcases, packed with 5.7 tons of cocaine, valued at $100 million. The stash was supposed to have been delivered from Caracas to drug traffickers in Toluca, near Mexico City, Mexican prosecutors later found
I'm beginning to think that we have been lied to
We have been brainwashed into thinking Politicians are protecting the American people. They're really protecting the interests of the largest corporations, and the wealthiest individuals in this country. That's right, We are dying for them. Big Oil (keep that foreign crude flowing, morons - we're almost done constructing the Trans-Afghani Pipeline. Too bad another 8 soldiers will be blown to pieces today)! Big banks - who promote war, as they finance the death and destruction! And let's not forget the Military-Industrial Complex - remember, Eisenhower warned us about these bastards!
The last time I looked, no one from al Qaeda is looking to do me any damage
Yuan begins trading against the rouble
SHANGHAI - China started allowing the yuan to trade against the Russian rouble in the interbank market from Monday as policymakers promote the currency's use in global trade and finance.
The move will help "facilitate bilateral trade between China and Russia and help develop yuan trade settlements," according to a statement published on the website of the China Foreign Exchange Trade System (CFETS), a subsidiary of the People's Bank of China.
The central bank calculates the daily reference rate by taking an average of quotes from commercial banks designated to act as market makers, the statement said