Import-Export Services
Since our inception in 1995, Southeast Bank Limited has earned a prominent position as a leading facilitator of foreign trade in Bangladesh. We are dedicated to continually enhancing our capacity to provide satisfactory services to our valued clients by leveraging our extensive correspondent network, cutting-edge technology, and a team of highly efficient professionals. We take pride in consistently securing a significant share of Bangladesh’s foreign trade business year after year. As active members of both the Global Trade Finance Program (GTFP) by the International Finance Corporation (IFC) and the Trade Finance Program (TFP) by the Asian Development Bank (ADB), we are fully prepared to offer comprehensive foreign trade solutions to our esteemed clients.
Import Services:
Documentary Credit:
- Issuance of Documentary Credit (Local & Foreign) at Sight/DP/UPAS.
- Addition of Confirmation through Foreign Correspondent Banks.
- Negotiation/Discounting through Foreign Correspondent Banks.
- Issuance of Shipping Guarantees.
Documentary Collection Services:
- Documents Against Payment (D/P).
- Documents Against Acceptance (D/A).
Post-Import Finance:
- Trust Receipt.
- Time Loan.
- Term Loan (BDT & Foreign Currency).
Export Services:
Documentary Credit:
- Advising Export Documentary Credit (Local & Foreign) at Sight/DP.
- Transferring Export Documentary Credit.
- Issuance services of Back-to-Back Documentary Credit for Local & Foreign.
Foreign Documentary Bills Collection Services:
- Documents Against Payment (D/P).
- Documents Against Acceptance (D/A).
Pre-shipment Finance:
- Packing Credit.
Post-Shipment Finance:
- Foreign Documentary Bills Purchase (FDBP).
- Purchase/Discounting Export Bills (Local).
- Advance Against Acceptance (AAA).
Other Services:
- Any Export Development Fund (EDF) service from Bangladesh Bank.
- Cash Incentives from Bangladesh Bank.
- Refinance schemes of Bangladesh Bank.
- Special Schemes of Bangladesh Bank.
Guarantee in Foreign Currency:
- Counter Guarantee.
- Local Guarantee.
Foreign Currency (FC) Account Services:
- Resident Foreign Currency Account (RFCD).
- Non-Resident Foreign Currency Account (NFCD).
- Non-Resident Taka Account (NRTA).
- Exporter’s Retention Quota (ERQ) Account.
Southeast Bank is committed to facilitating and supporting international trade by offering a comprehensive suite of services that cater to the diverse needs of our clients in the import and export businesses.
Southeast Bank Offshore Banking
Our Offshore Banking Units (OBU) are located in the Dhaka Export Processing Zone (DEPZ) and the Chittagong Export Processing Zone (CEPZ). Over time, our OBUs have evolved into crucial strategic business units, driven by the increasing demand for offshore banking services from our esteemed clients. These OBUs offer a comprehensive range of financial services, including deposit-taking, remittances, trade finance, credit facilities, and more.
In addition to catering to Type-A industrial units within Export Processing Zones (EPZs), our OBUs also extend their services to Type-B, Type-C, and onshore clients, in accordance with the regulations set forth by the Bangladesh Bank and the Bangladesh Investment Development Authority (BIDA).
The following products and services are provided by our OBUs:
- Foreign Currency Deposit Accounts for Non-residents.
- Full export-import services tailored to Type-A industrial units operating within Export Processing Zones (EPZ).
- Usance Payable At Sight (UPAS) Documentary Credits.
- Short-term foreign currency loans available to Authorized Dealers (ADs) for the purchase of export bills denominated in foreign currency.
- Foreign Currency Term Loans designed for eligible industrial units.
Our OBUs are committed to delivering efficient offshore banking solutions, ensuring the financial needs of our clients are met while adhering to regulatory guidelines.
Southeast Bank FATCA Compliance
Southeast Bank Limited is officially recognized by the United States Internal Revenue Service (IRS) as a Foreign Financial Institution (FFI) under the IGA Model-II, in adherence to the Foreign Account Tax Compliance Act (FATCA). We conduct rigorous FATCA due diligence on all accounts held with us to ensure the highest level of compliance. Our Global Intermediary Identification Number (GIIN) is W2PW1Q.99999.SL.050, which has been issued by the IRS in the USA.
If you have any further questions or require additional information, please don’t hesitate to contact us.