In our endeavor to help Indian corporates finance their Import businesses, VKC Finsoft Solutions extends Import funding syndication services in addition to other forex services like Currency Risk Management and Information Services. We have an excellent working arrangement with many reputed global banks and Indian Banks with overseas branches which gives us the flexibility to arrange discounting of Letters of Credit (L/C’s) / LoU’s to our clients at LIBOR related competitive rates. The interest element is determined on the basis of Libor for the concerned currency. The spread over Libor at which the financing is done ranges from 0.75% to 2.00% depending upon, the size of the transaction, the usance period, the LoU Bank, the commodity etc.

VKC also undertakes rollover/extension of L/C's upto a maximum of 3 years with the approval of RBI, wherever it is required.

We at VKC not only structure products but also help in efficient execution of the strategies suggested. Our services include:

• Obtain a firm letter of offer from an overseas Financing Bank for financing the L/C or LoU for a further period of 90/180 days (or as the case may be)
  
• Provide any assistance to ensure that the transaction goes through smoothly
  
• Obtain necessary RBI approvals for the company, wherever required.

To know more, get in touch with our nearest branch in your city or drop a mail to us at contactus@vkcfinsoft.com.