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Financial Institutions & Correspondent Banking

Trade Finance Advisory Services

Financial Institutions, a part of the Treasury and F.I. Group, primarily focuses on building and maintaining relationships within the Financial sector. Relations range from authenticated communication links by way of SWIFT RMA to Trade, Treasury and account maintenance in different currencies worldwide. With over 258 banks in 80 countries, our 600 globally located correspondents provide all trade services, seeking to add value and service to our branches and functional units. Services include advising, confirmation, discounting of letter of credits, reimbursement undertakings and standby LCs and guarantees. Further, the ever-increasing SWIFT RMA relationships with financial institutions serve to route all kinds of transactions.

Our network of correspondent banks comprises of leading financial institutions around the globe. The services provided by our correspondent banks have been classified in terms of Remittance & Payments (R/P), Advising (Adv) & Confirmation (Conf).

 

 

"Issuing Bank" member of International Finance Corporation (IFC) Global Trade Finance Programme (GTFP)

 

Meezan Bank, the first and the largest Islamic bank in Pakistan, joined the IFC (International Finance corporation) Global Trade Finance Program as an issuing bank in July 2008, boosting access to trade finance for entrepreneurs and businesses in Pakistan. The IFC Global Trade Finance Program promotes trade with emerging markets worldwide by supporting flows of goods and services to and from developing countries. Through this program, IFC provides guarantee coverage of bank risk in emerging markets, allowing recipients to expand their trade finance transactions within an extensive network of countries and banks and to enhance their trade finance coverage. The guarantee coverage not only mitigates country and bank risk but also provides an opportunity to establish correspondent relationships with counterparts across the world.

For details, please visit http://www.ifc.org/ifcext/gfm.nsf/Content/TradeFinance

 

 

"Issuing Bank" member of ADB Trade Finance Facilitation Programme

 

Meezan Bank and Asian Development Bank (ADB) signed an agreement on May 15, 2009 in order to facilitate the opening of Letters of Credits under ADBs Trade Finance Facilitation Program (TFFP). TFFP is the financing facility for banks operating in Pakistan enabling them to open Letters of Credit (LCs) in areas where Pakistani credit line is not being accepted. Under the agreement, the ADB will indirectly confirm Meezan Bank’s letters of credit. ADB will effectively act as a guarantor for import L/Cs established by Pakistani businessmen through Meezan Bank and the facility will provide much needed support to Pakistani importers in these challenging times for the global economy. The agreement opens doors for establishing and strengthening correspondent relationships with international financial institutions across the world as well as mitigating country and bank risk via issuance of ADBs guarantees to participating banks in different countries.

For details, please visit http://www.adb.org/TradeFinance/default.asp

 

AML/KYC Questionnaire  

To Download AML/KYC Questionnaire Filled in for Correspondent Banks Click Here 


 

For General queries please email fi@meezanbank.com

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