At NBO, we offer you a truly integrated range of trade services designed to meet
your growing needs. Our information, risk mitigation, financing and settlement solutions
are designed to support your entire value chain starting with procurement to processing
to post-sales.
Our services address the entire gamut of trade finance requirements inclusive of
Export & Import Finance, Inland Bill Discounting and Bill Collection, Bank Guarantee
and a host of other related services.
Our Trade Advisory teams have in-depth expertise in the intricacies of markets and
trade products in different geographies so that you get customized solutions. Among
other things, they recognize your need to comply with various local regulatory requirements
and the prevalent government rules.
In NBO, you have a partner who understands your business. Whatever your trade requirements,
we have the solutions and services to optimize transaction turnaround times, accelerate
funds flow timing and structure a solution suited to your specific needs. We are
committed to using and developing state-of-the-art technology and risk mitigation
techniques.
Look no further than NBO, if you are planning to:
- Optimize transaction turnaround times and funds flow timing.
- Expand into new markets while minimizing risk and maintaining your competitiveness.
- Develop a customized solution that matches your unique trade requirements.
Documentary Trade Collections:
- Issuing Letters of Credit
- Letters of Credit advising and confirmation
- Issuing Standby Letters of Credit
- Export negotiation, collection and other related services
Letters of Guarantee:
- Bid Bond Guarantee
- Performance Guarantee
- Advance Payment Guarantee
- Retention Guarantee
- Payment Guarantee and other related services
Cross Border Trade Services
National Bank of Oman's Financial Institutions Group offers a comprehensive range
of cross border trade services to its correspondent banks. This service is available
across Sultanate of Oman with significant foreign trade potential. NBO has fully
integrated communication channels amongst branches, which directly helps in saving
valuable time facilitating cross border transactions.
Our cross border trade services include:
- Advising and confirming of documentary letters of credit
- Confirmation/reissuance of standby L Cs and guarantees
- Documentary collections/open account transactions
- Payment processing and distribution
- Advising and confirming of documentary credits
- Negotiation of documents
- Computerized processing ensuring speedy services