Export Financing

Financial services and solutions designed to enhance the cash flows of the Qatari exporters.

Invoice/LC (Bill) Discounting: By discounting invoices and letters of credit that are post-dated in order to boost the liquidity of Qatari companies. Post-paid bill discounting is treated as a short-term loan:

  • Up to 90% of invoices / letters of credit value
  • 3-5% profit per annum
  • Duration: One year, renewable or as agreed

 

Documents required for post-paid invoice discounting and letters of credit:

  • QDB KYC form (Duly signed by the Authorized Signatory and stamped with the Company seal)
  • Copy of valid Commercial Registration
  • Copy of Computer Card
  • Copies of authorized signatories’ ID (Qatari ID cards)
  • Official request letter about the demanded facility, and the credit term (tenor) (Letter to be duly signed by the Authorized Signatory and stamped with the Company seal)
  • Copy of Audited Financial Statements for the past 3 years (for existing companies)
  • A list of names and addresses of importers
  • Invoices
  • Certificate of Origin
  • Shipping documents

 

•   As for documents required for the discount of letters of credit, all of the above in addition to the name of the issuing bank of the letter of credit and a copy of the letter of credit where Qatar Development Bank is mentioned as the negotiating Bank for the letter of credit.

Pre-Export Financing: This enables Qatari exporting companies to obtain the necessary financing for raw materials in the case of a firm purchase or supply orders.

  • Up to 80% of invoices / letters of credit value
  • 3 - 5% profit per annum
  • Upfront fee up to 0.25%
  • Duration: One year, or as agreed

 

Documents required for Pre-Export Financing: All of the above-mentioned documents for the Invoice/LC Discounting in addition to:

  • A copy of the contract or purchase order request from the importer
  • A copy from the suppliers names, Quantity, the requested amount, the payment tenor

 

Please click here to download the TASDEER Financial Services Brochure.