بانک سینا

پنج شنبه،27 خرداد 1400 نسخه آزمایشی
بانک سینا
   
 
    • International Banking
      Sina bank provides the following high quality international banking services through equipped branches as well as professional experts:
      · Opening Foreign Currency oreign currency accounts
      · Letter of Credits
      · Letter of Guarantees
      · Wire Transfer Instructions
      · Documentary collections

      Wire Transfer (Remittance):
      Sina Bank’s wire transfer is a fast and simple way to do an outward remittance. It enables customers to transfer funds from their accounts to beneficiaries’ accounts across the globe.
      Sina Bank provides general instructions for the processing of an order to pay funds electronically by wire. A bank wire transfer is a message to the receiving bank requesting them to effect payment in accordance with the instructions given. Wire transfers are generally issued to foreign (international) payees only. Sina Bank belongs to a bank network in Belgium called the Society for Worldwide Interbank Financial Telecommunications (SWIFT) that helps verify and process financial messages, including wire transfers.

      The customer must provide the necessary information to order the wire from the bank. This includes the beneficiary name, bank name, bank account, SWIFT code, IBAN, etc. It may be required to provide the country specific routing codes as well. Having understood the harmful effects of money laundering on the country's economy and to improve the transparency of bank activities associated with their clients, Sina bank has taken anti-money laundering action into account as one of the major priorities of its activity.

      Letters of Credit:

      Sina Bank can provide letters of credit for applicants with good credit evaluation ranks. A Letter of credit is an obligation of Sina Bank used to pay the agreed amount to the beneficiary on behalf of the applicant upon receipt of the documents specified in the letter of credit. The letter of credit is opened by Sina Bank on the basis of the applicant’s instructions, which are compiled in accordance with the terms of the application form. Sina Bank’s obligations under the letter of credit are set forth in the letter of credit itself, and Sina Bank deals exclusively with documents, not with goods or services.

      The applicant should receive a registration order number from belonged competent entity, presenting the original of insurance policy, indicating the goods being insured in any Iranian insurance company as well as the insurance premium payment receipt, providing under approval guaranties, filling in the letter of credit application form and letter of credit issuance under the “Joaleh” contract according to Islamic banking rules.



      Foreign Currency Account:
      A Sina Bank foreign currency account is an account which allows customers to hold various currencies. The Sina Bank foreign currency account provides customers with the ability to reduce unnecessary conversion costs and better manage the customers’ foreign currency exchange risks. Sina Bank foreign currency accounts help to manage customers’ cash flow by supporting their needs for payments, receipts and investments in currencies.

      Sina Bank foreign currency accounts are available for both real and legalcustomers in a range of foreign currencies: USD, EUR, GBP, and AED. Sina Bank offers foreign currency current accounts, if customers frequently transact in foreign currencies. Customers can access the funds, receive and make payments by their accounts at branches.

      A Sina Bank foreign currency term deposit may be an ideal solution if customer are holding foreign currency, do not require immediate access to their funds, and would like to ensure that a set rate of interest is paid for an agreed period. Foreign currency term deposits are available in terms ranging from 30 days through to 365 days. Interest rates for foreign currency term deposits are agreed at the commencement of the investment and based on market interest rates at the time. Where payable, interest is calculated daily and paid at maturity.

      Documentary Collections:
      Sina Bank documentary collections provide a secure and effective way of trading internationally, that allows customers to inspect commercial documents before market payment. A Sina Bank documentary collection is a method of payment whereby the beneficiary initiates, through the Sina Bank, the collection of money due to beneficiary from the applicant. Payment will be made against a bill of exchange and documents of title. Documents can be released against acceptance of the bill of exchange or against payment at sight.
      Buying Currencies:
      Buying currency from customers’ foreign exchange accounts is performed with the exchange rate of the request date. Exchanging foreign currency holdings into other valid currencies is possible without restrictions. In compliance with the provisions of anti-money laundering, buying hard currencies is permitted to a maximum of $ 5,000 or its equivalent in all branches. Description: Buying hard currencies from authorized travel agencies and exchange firms is allowed without such limitation.

      Sina Bank international Guarantees:
      A Sina bank guarantee is a surety or a guarantee issued by the Sina bank on behalf of its customer for the benefit of a domestic or foreign beneficiary, with which the Sina bank as the guarantor undertakes financial responsibility . the Sina bank is obliged to pay the beneficiary on the first demand .
      Types of international Guarantees:

      Tender or Bid Guarantee: It supports the applicant’s obligation to execute a contract if the applicant is awarded a bid.

      Performance Guarantee: It supports an obligation to pay for losses which may arise as a consequence of the applicant failing to fulfill his obligations under the contract.

      Retention Guarantee: It supports an obligation to account for retention money paid by the beneficiary to the applicant. Sina bank advises that the Retention Guarantee explicitly stipulates and is does not come into effect until the retention money has been received by the applicant.

      Advanced Payment Guarantee: It supports an obligation to account for an advanced payment made by the beneficiary to the applicant. Sina bank recommends that an advanced Payment Guarantee contains a clause that the guarantee is inoperative until the advanced Payment has been received by the applicant, as well as a clause allowing for reductions of the guarantee amount.

      Customs or Payment Guarantee: It supports the payment obligation of the beneficiary and customs duties for goods and services delivered by the applicant.