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Trade & Commodity Finance

TEB NV shares its regional expertise in trade & commodity finance with valued customers and providing solutions through a tailor made approach based on its experienced staff  and comprehensive knowledge of Turkish and international markets. Our support starts from the initial stages of the signing of commercial contracts with supplying and buying parties, through the flow of the goods inland to loading port and to its final destination for collection of the sales proceeds.

Mission Statement

Our mission is to become one of the leading financial institutions specialized in trade and commodity finance in EU for the Turkish market and to grow our activities in the Mediterranean and Black Sea basin, CIS, far east, north and Latin America. Serving our mission, TEB NV's trade volume reached € 1,379 million in 2006 (2005: € 1,191 million)

Services & Products

Reaching our mission, TEB NV offers the following services and products to her valued customers:

1. Financing goods at the beginning of the trade cycle such as Advance Payment to suppliers of our customers.
2. Financing goods prior to shipment and prior to arrival at the port
3. Financing goods at loading ports against warehouse receipts, terminal receipts, tank warrants and Forwarders certificate of receipt
4. Financing goods during sea voyages, against Bills of Lading
5. Financing of the freight
6. Financing sold goods against an assignment of trade receivables

Cash Lending

1. Freight Financing
2. Financing against Bills of Lading (B/L) or railway bill
3. Financing against Forwarder’s certificate of receipt (FCR)
4. Financing against Credit Insurance
5. Financing against Warehouse/terminal receipt, tank warrants
6. Advance payment
7. Financing against incoming export L/c - L/Gs or acceptable sales contracts or assignment of trade receivables

Letters of Credit

1. Export Letter of Credit
2. Import Letter of Credit
3. Stand-by Letter of Credit
4. Back-to-Back Letter of Credit

Letter of Guarantees and Documentary Credits

1. Bid Bonds
2. Advance Payment Guarantees
3. Performance Bonds
4. Payment Guarantees
5. Letters of Indemnities

Documentary Collections

1. Export Documentary Collection
2. Import Documentary Collection
3. Avalised Bill of Exchange

While we expand corporate and trade finance activities, we continue to launch new products, effectively responding to the evolving requirement of our customers. Doing that we benefit from our parent’s 80 years experience and our close ties with global banking partner BNP Paribas. TEB NV follows up the international and Turkish trade regulations closely and shares the changes with it’s clientele which helps in modeling trade and complex commodity finance structures.

Risk Evaluation

The Economy Bank N.V. evaluates the risk by using various tools and share it's expertise with valued customers. Performance risk, position risk monitoring, control over the goods and the commodity itself are the main tools in our evaluation.

Commodities

TEB NV finances the trade flow of various commodities. The following are the major but not the only commodities that we share our expertise with our valued customers.

1. Metals (ferrous and nonferrous)
2. Energy (oil, coal, petcoke dust and particles)
3. Agrochemicals (including fertilizers)
4. Grain and Food stuff (excluding perishables)
5. Petrochemicals (including plastics and polymers)
6. Pulp and Paper

Regions

TEB NV formulates alternative solutions to esteemed clients with a tailor made approach through various schemes of financing and trade flows in:

-Mediterranean basin
-Black sea basin
-Selected countries in CIS
-Far East
-Americas

Other Services

Besides trade & commodity finance TEB NV meets the working capital requirements of selected customers based on their financials, expertise and sectors involved.

Another product which also serves our funding base is the cash flow service given to our customers. Through a well developed see only internet service (TEB ONLINE) clients are able to follow up their account statements and also receive the swift copies of the outgoing payments via internet which creates an advantage in a highly competitive environment.

Contacts

For any further inquiry regarding Trade & Commodity Finance department please contact us:

Charges and comissions (Not applicable for Teb Ster Savings/deposit products)

E-mail: CorporateBanking@tebnv.nl