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EXPORT FINANCE. Prof. Harkirat Singh Professor & Consultant IIFT, New Delhi. WHY EXPORT FINANCE & ELIGIBILITY. FRAMEWORK OF EXPORT FINANCE EXPORT FINANCE EXPORT FINANCE= GOOD/SERVICE + SALE
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EXPORT FINANCE Prof. Harkirat SinghProfessor & ConsultantIIFT, New Delhi
WHY EXPORT FINANCE & ELIGIBILITY FRAMEWORK OF EXPORT FINANCE EXPORT FINANCE EXPORT FINANCE= GOOD/SERVICE + SALE PRODUCTION FINANCE CREDIT FINANCING SHORT TERM MEDIUM LONG TERM BANK FACTORS FOREFAITING LINES OF CREDIT WITHOUT RECOURSE WITHOUT RECOURSE PRESHIPMENT POSTSHIPMENT
EXPORT FINANCE EXPORT BUSINESS CYCLE 4 WEEKS2 WEEKS4 WEEKS 60 DAYS CASH RM STOCK IN PROGRESS FINISHED GOODS PAYMENT DUE DATE EXPORT RECEIVABLES
HOW TO MAKE BUSINESS CYLCE EFFICIENT ! PRESHIPMENT STAGE POST SHIPMENT STAGE _____________________________________________________________________________ DATE OF ORDER DATE OF SHIPMENT DATE OF PAYMENT PRESHIPMENT STAGE = WORKING CAPITAL FOR PRODUCTION OR ACQUISITION OF GOODS/SERVICES POSTSHIPMENT STAGE = BILL FINANCE FOR FINANCING CREDIT PERIOD
PRESHIPMENT FINANCE • DEFINITION • PURPOSE • QUANTAM - OR FOREIGN CURRENCIES • MARGIN • PERIOD & INTEREST RATES • REPAYMENT • BILLS • EEFC • RUPEE
SPECIAL RELAXATIONS • RUNNING ACCOUNTS • SUB SUPPLIERS • DEEMED EXPORTS • REPAYMENT
POST SHIPMENT FINANCE • DEFINITION • PURPOSE • QUANTUM & PERIOD • CURRENCY OF LOAN • DUE DATE OF EXPORT BILL • NEGOTIATION/PURCHASE/DISCOUNT OF EXPORT BILLS REPAYMENT • FACILITIES TO GOLD CARD HOLDER EXPORTER UNDER COMMERCE MINISTRY GUIDELINES