Trade Finance Operations

Through its team of experts, SIIB provides a wide range of international trade finance services that includes:

- Outward letters of credit (import LCs) and all the related operations such as documents negotiation, examination, amendment and paying their value at sight or through deferred payment based on the LC's terms and conditions.

- Inward letters of credit (export LCs) and all the related operations such as advising and confirming LCs as well as examination of documents and paying or collecting their value based on the LC's terms and conditions.

- Documentary collection (import & export)

- Checks collection (domestic and international)

- Issuing all kinds of domestic and international bank guarantees (bid bond, performance, payment … etc)

All the above mentioned services are performed in accordance with the rules of Islamic Sharia, the applicable Syrian laws, the circulars issued by the Central Bank of Syria and the related International laws and customs.