SBI:

EXPORTER GOLD CARD

State Bank of India has launched "SBI EXPORTERS GOLD CARD SCHEME" to meet the working capital needs of exporters with good track record and credit worthiness, subject to their fulfilling the specified eligibility norms. The salient features of the scheme are as under: Assessment norms have been simplified and for units with export turnover up to Rs. 100 crore simplified assessment in terms of Nayak Committee norms will be made within specified time norm not exceeding 25 days in case of new sanctions and 15 days in case of renewals. Further relaxations, subject to certain conditions, in the form of automatic renewal of limits after the three year tenure as also simplified method for effecting annual step-up in limits is being examined by the Bank. Standby limit of 20% will be sanctioned to all the SBI Exporters Gold Card holders over and above the sanctioned limit to meet credit demands arising out of receipt of sudden orders. Limits sanctioned will be valid for a period of three years. Interest will be charged at concessional rate from the Gold Card holders. The present rate for Packing Credit up to 180 days and Post-shipment credit up to 365 days would be 3.75% below the Bank's benchmark Prime Lending Rate. Also, SBI Gold Card holders will be given preference for grant of packing credit in foreign currency. International Credit/Debit cards and Internet Banking facilities shall be extended to the SBI Exporters Gold Card holders on priority basis.

https://www.sbi.co.in/user.htm

ICICI:
Forex Desk
Other Services

FX Cash, Tom, Spot

ICICI Bank offers immediate quotations for cash, tom, spot or forward rates depending upon your requirements. Cash rates are for delivery today, tom rates for tomorrow, spot rates (most commonly used) are settled two working days from the date of the deal. If you need to hedge your currency risk for a longer period, forward currency transactions can be arranged in advance.

Forwards

Forward Rate Agreement (FRA) is an agreement between two parties that gives one a guaranteed future rate of interest to cover a specified sum of money over a specified period of time. Alternatively, it gives one party a guaranteed future rate of interest on his investments over a specified period of time.
Structured Products for Corporates Structured products are normally offered to corporate clients in the form of swaps, where the clients can choose from an array of products to suit his needs. The interest rate linked products fall into one of the two categories Asset side and Liability side. On the Asset side, the client has an asset that produces regular interest payments (floating or fixed). On the Liability side the client has a floating or fixed rate liability. Broadly, there are various kinds of structured products that a client may do based on his underlying requirements and views about the asset class: 1. 2. 3. Cost reduction products Yield enhancement Hedging products

A structured product can also be offered as a combination of any of the above categories

Few examples of structured products are as follows: Range Accrual Swap (or, simply 'Range Accrual') - Yield enhancement Client receives a coupon for each of all those number of days for which the underlying index (an interest rate, an exchange rate, etc.) stays in a pre-specified range. A typical structure of a Range Accrual Swap is as follows: Tenor: 5 years Client receives: (USD 3m LIBOR + 1.00%) x D/N

where D = no. of days during the life of the swap for which USD 3m LIBOR stays within the range of 0.00% - 7.00% N = total no. of days in the life of the swap Client pays: USD 3m LIBOR Callable Q The structure pays an effective coupon of (USD 3m LIBOR + 1.00%) p.a. to the client for the number of days the "USD 3m LIBOR" remains within the range of 0.00% - 7.00%. The client is in effect enhancing his yield by taking a view on future "USD 3m LIBOR". Range Accrual - Cost Reduction & Hedging Tenor: 5 years Client receives: (USD 3m LIBOR) x D/N where D = no. of days during the life of the swap for which USD 3m LIBOR stays within the range of 0.00% - 7.00% N = total no. of days in the life of the swap Client pays: 2.25% Non-Callable Spot ref: 5y CMS (Constant Maturity Swap) = 3.19% This structure pays USD 3m LIBOR to the client for the number of days USD 3m LIBOR remains within 0.00% 7.00%. The client is hedging as well as reducing the cost of his liability. If the client hedges his liability with an IRS he/she gets locked at a rate of 3.19% (the 5y CMS rate). With this structure the client gets locked at the rate of 2.25% by taking a view on "USD 3m LIBOR" that it will remain in the specified range. Flip-Flop Tenor: 5 years Client receives: USD 3m LIBOR Client pays: USD 3m LIBOR - 0.25% ICICI Bank has the right to flip the client pay leg to 2.40% on any of the coupon payment dates. After the flip the structure becomes Client rec: USD 3m LIBOR Client pays: 2.40% Spot ref: 5y CMS - 3.19% The first part of the structure acts as a cost reduction to the client as the client receives 0.25% carry. After the structure is flipped by ICICI Bank, the structure acts as a hedge for the client's liability at 2.40%. FX Linked Products: ICICI Bank also offers FX linked products to its offshore GMG clients who want to hedge their currency related exposures or trade on currencies based on their views. The common products offered by ICICI Bank include Range Accruals, Options etc. with currencies as underlying. Range Accrual Swap (with an exchange rate as the underlying index): Tenor: 5 years Client receives : 8.00% x D/N D = Number of days during the life of the swap for which USD|JPY = 95.00 N = Total number of days in the life of the swap Client pays: USD 3m LIBOR Non-callable

Short Option Client sells AUD|JPY put option at 65.00 Expiry of option: 2 years Premium: 2.00%

http://www.icicibank.com/corporate/forex-treasury-ser/forex/overview.html

DHANALAKSHMI BANK:
Dhanlaxmi Bank's full range of forex and trade services helps in the proactive management of your international business, across our branches, with ease and convenience.

Forex Services

Our Forex Services include independent views on expected movements in currency markets.* We provide the following Forex Services:

Cash purchases and sales of foreign currency against INR for outward foreign currency payments on the same day Forward purchases and sales of foreign currency against INR or other permitted currencies to cover exchange risk on contracted / committed imports / exports of goods and services Forward contracts to cover risk on foreign currency loans such as ECB external commercial borrowing Covering of inward remittances / payments against exports

UCO BANK:
PRODUCTS & SERVICES The international banking services in India is provided for the benefit of Indian customers, corporates, NRIs, Overseas Corporate Bodies, Foreign Companies/ Individuals as well as Foreign Banks etc. by our International Banking Branches, Authorised Forex Branches and Integrated Treasury Branch. Our other branches in India also provide international banking facilities through the aforesaid network of our branches. FINANCE/SERVICES TO EXPORTERS UCOGOLD CARD FOR EXPORTERS UCO launches Goldcard for creditworthy exporters - Simplified access to export credit on very good terms: Better terms of credit including rates of interest than those extended to other exporters by the Bank. Processing of applications for credit faster than for other exporters.Simpler norms, subject to specific requirements in each case, if any. 'In-principle' limits for a period of 3 years with a provision for automatic renewal, subject to fulfillment of the terms

and conditions of sanction. Preference for grant of packing credit in foreign currency (PCFC), subject to availability of foreign currency funds. Lower charges schedule and fee-structure than those provided to other exporters. Relaxations in the norms in respect of security and collaterals, wherever feasible. Other facility/benefit to the exporters, subject to the fulfillment of extant rules and regulations applicable to export finance. ) Pre-shipment Credit in Foreign Currency (PCFC): UCO offers PCFC in the foreign currency to the exporters enabling them to fund their procurement, manufacturing/processing and packing requirements. These loans are available at very competitive international interest rates covering the cost of both domestic as well as import content of the exports. The corporates/exporters with a good track record can avail a running account facility with UCO for PCFC. PCFC is generally available for a period of 180 days from date of first disbursement. In deserving cases extension may be permitted within the guidelines of RBI. Features: (The forward covers can be booked in respect of future PCFC drawls.) In the PCFC drawls permitted in a foreign currency other than the currency of export, exporter bears the risk in currency fluctuations. The foreign currency drawls are restricted to major currencies at present. In case, the export order is in a nondesignated currency, PCFC is given in US$. For orders in Euro, Pound Sterling and JPY, PCFC can be availed in the respective currencies or US$ at the choice of exporter. Multi-currency drawls against the same order, are not permitted at present due to operational inconvenience.

Repayment: PCFC is to be repaid with the proceeds of the export bill submitted after shipment.In case of cancellation of export order, the PCFC can be closed by selling equivalent amount of foreign exchange at TT selling rate prevalent on the date of liquidation. The PCFC in foreign currency are granted at our various branches through our Integrated Treasury Branch in Mumbai.

http://www.ucobank.com/international_banking.htm

BANK OF RAJASTHAN:
Post-Shipment Credit in Rupee (FBN/ FBP/ FUBD, PSEF): Post shipment finance is available against export documents evidencing shipment of goods by negotiating/purchase/discounting of export bills or by granting Rupee advance against export bills sent on collection basis. The export bills

could be on sight or usance basis, as per the terms of contract /LC. Rupee export credit is available at concessional rate of interest for a maximum period of 180 days for general exporters, while up to 365 days for Gold Card holders.

Raj Bank Exporters Gold Card Scheme

Exporters with credit worthiness and good track record and whose accounts have been classified as `Standard' continuously for a period of 3 years and there are no irregularities/ adverse features in the conduct of the accounts are eligible for Gold card scheme. The `in-principle' limits will be sanctioned for a period of 3 years, subject to review on annual basis and limits would be renewed subject to fulfillment of the terms and conditions and satisfactory conduct of the account. The need-based finance would be determined taking into account the anticipated export turnover and track record of the exporter besides other aspects of credit appraisal. A stand by limit of 20 percent of the assessed limit will be made available to facilitate urgent credit needs. Preference would be given to exporters for granting export credit in foreign currency. The Gold cardholder enjoys the Concessions in commission, refinement in exchange rates, concessions in other charges etc. http://www.icicibank.com/ebor/our-network/forex-branches/ForeignExchangeFacilities.pdf