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Work Order Financing/Construction Business
This form of credit facilities is allowed to contractors to participate in tenders under different authorities and to complete their awarded works. The following types of facilities fall under this category ‚Äď
a. Earnest Money Financing Scheme- SOD (EMF):
Under this, bank guarantee or undertaking is issued by our bank in the form of SDR/PO on behalf of customers (mostly contractors) to enable to submit his bid in a tender invited by different Government/ Semi-Govt. Organizations, Autonomous Bodies or other organizations accepted to the Bank.
b. Bid Bond:
Under this, bank guarantee or undertaking issued by our bank on behalf of its customers (mostly contractors) to enable to submit his bid in a tender invited by different Government/ Semi-Govt. Organizations, autonomous bodies or other organizations accepted to the Bank.
c. Performance Guarantee (PG):
A performance guarantee is given after the tender or bid of a particular customer is accepted by the authority. It is a guarantee where the Bank gives an undertaking to the authority that customer will complete the job as per terms of the tender or to pay damage up to the guarantee amount.
d. Advance Payment Guarantee (APG):
This facility is a kind of bank guarantee or undertaking issued by our bank on behalf of customers (mostly contractors) to enable to receive bills receivable in advance against a work awarded by different Government/ Semi-Govt. Organizations, Autonomous Bodies or other organizations accepted to the Bank. This sort of Guarantee is needed, when the work involves initial cost like Advance Rent Payment regarding rental of machinery and procurement cost of raw materials etc. For issuing APG, Bank usually obtains higher cash margin and counter guarantee from the customer.
e. Shipping Guarantee:
Under this, Bank give guarantee / indemnity to shipping company for release of goods in the absence of shipping documents, in case goods arrive before receipt of such documents by the consignee and are incurring demurrage or original shipping documents have been lost after retirement from Bank.
f. Customs Guarantee:
This guarantee is issued in favor of customs authority on account of duties/ excise duties on imported goods and machinery or export commodities on behalf of clients.
g. SOD (WO):
This is a funded credit facility and is disbursed to enable the customer for execution of work orders awarded by different Government/ Semi-Govt. Organizations, Autonomous Bodies or other organizations accepted to the Bank.
Corporate Banking
Short Term Finance
Long Tern Finance
Real Estate Finance
Import Finance/Trade Finance
Work Order Financing/
Construction Business
- Earnest Money Financing Scheme -
  SOD (EMF)
- Bid Bond
- Performance Guarantee (PG)
- Advance Payment Guarantee (APG)
- Shipping Gurantee
- Customs Gurantee
- SOD (WO)
Export Finance
- Pree-Shipment Credit/Finance
   - Export Cash Credit
     (Hypothecatio /Pleadge)
   - Export Cash Credit Against
     Trust Receipt
   - Advance Against Anticipatory
     Letter of Credit
   - Back to Back Letter of Credit
   - Packing Credit
   - SOD (Export)
- Post-Shipment Credit/Finance
   - Negotiotion of Export
     Documents (FDBP)
   - Purchase of Documents
     against DP or DA Bills
Structured Finance
- Project Finance
- Syndication