Kimi Fintech
Kimi Fintech
Our innovative tailored short, medium and long-term trade finance solutions enable us to meet our corporate and financial institutions clients‘ global import and export needs in a timely, efficient, risk averse manner.
Letters of Credit (LCs) are the safest and often most convenient means of financing trade related transactions. An LC (Documentary or Standby) is a written undertaking given by a bank (Issuing Bank) to a beneficiary on instruction from an applicant (issuing Bank’s client) to pay the beneficiary at sight, or at a determinable future date, a stated amount of money within a defined time. This undertaking is conditional upon the beneficiary’s documentary compliance with the terms and conditions in the LC.
A Documentary Collection is the collection of a sum of money due from a buyer to a bank against delivery of certain documents. The bank, acting as trustee and intermediary between exporter and importer, presents documents - by order of the exporter - which are proof of the actual delivery of a product or service rendered, and in exchange receives payment of the amount owed or obtains acceptance of a bill of exchange.
In its simplest form, an exporter requires an importer to prepay for goods shipped. The importer naturally wants to reduce risk by asking the exporter to document that the goods have been shipped. The importer’s bank assists by providing a letter of credit to the exporter (or the exporter’s bank) providing for payment upon presentation of certain documents, such as a bill of lading.
The exporter’s bank may make a loan to the exporter based on the export contract. The type of document used in the process depends on the nature of the transaction and how evidence of performance can be shown (i.e., bill of lading to show shipment). It is useful to note that banks only deal with documents and not the actual goods, services, or performance to which the documents may be relating to.
Kimi Fintech was established to help provide trade information and help signpost businesses to find the most appropriate form of funding. We have an established network of non-bank and bank funders, partners and support structures which can assist you in structuring a successful trade deal.
Kimi Fintech Trade finance products and solutions are structured around client’s business needs in imports, exports, re-exports, guarantees and short-term financing. Our product suite includes letters of credit and letters of guarantee.
For further enquiry and information please email us at enquiry@kimifintech.com.
COMMODITIES SUPPLY CHAIN
With numerous high-volume suppliers around the globe and unparalleled expertise in the field Kimi Fintech has quickly established itself as a leading player in the provisions market. Our specialized network of suppliers is able to utilize their buying power for the benefit of our client companies – whatever the scale of their requirements.
The customer service we provide and the savings you will enjoy is second to none.
When you wish to grow your wealth, it is imperative that your bank understands your specific goals, preferences and, critically, tolerance for risk. Based on your personal circumstances and individual financial objectives, we can help you manage your investments in a manner that is aligned with your risk profile as well as your return expectations.
Protect Wealth
If you want to preserve your wealth for the next generation or protect it for a specific moment in the future, we can help you develop a strategy designed specifically for you and your portfolio for that purpose. We will help you manage your wealth conservatively with exposure only to appropriately suitable assets.
We can also help you protect your wealth from erosion, a major risk to individuals who are not deploying their assets constructively. Protecting large pools of assets can be a complicated affair – Kimi Fintech has the experience to help you navigate markets over the long-term for this purpose.
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