Corporate Banking

A full suite of innovative Corporate Finance products designed to fulfil all requirements of the fast growing corporate.

The products can be broadly classified into:

Working Capital

We recognise that our client’s business cycles frequently create requirements for short term financing. ICICI Bank can support this requirement through the provision of various credit facilities or multipurpose working capital facilities:-

• Working Capital Demand Loan/ Short term loans
• Letter of Credit & Standby Letter of Credit
• Guarantee facility
• Trust Receipt

Trade Finance

Singapore Branch offers standard Trade Finance products to its corporate customers to handle trade flows primarily between SEA and India.

Trade Finance products for exports include advising Letters of Credit, confirmation of export Letters of Credit/discounting of bills under the export Letter of Credit under pre-acceptance or post-acceptance and handling export documents on a collection basis under Letters of Credit/DP/DA.

Trade Finance products for imports include handling import bills, issuance of Letters of Credit/Stand By Letters of Credit, Back to Back Letters of Credit, Trust Receipts, Working Capital Demand Loans, Short Term Loans and issuance of Bank Guarantees (Financial/ Performance).

Receivables Financing or Factoring

We offer factoring as an alternate means of raising working capital finance. Factoring involves the financing of account receivables. You can raise working capital by selling the accounts receivable to the Bank. We would grant an advance based on the amount of account receivables and your customers will settle the account receivables by paying it directly to the Bank.

Term Loan

We offer Term Loans to meet your medium to long-term fund requirements. This is an advance granted by the Bank for a fixed term of more than one year. It is a non-revolving facility with a pre-determined expiry date. The facility is a committed facility and a commitment fee applies on the undrawn amount. An amount once repaid cannot be redrawn. The interest rate can be variable, pegged to a base rate or fixed upfront.

Syndication

In loan syndication, we can structure medium or long-term loan facilities involving multiple financial institutions under one facility agreement. We leverage our loan syndication expertise and strong relationships with Indian, regional and multi-national banks for supporting our clients whose businesses span across various industries.

Bank Account

ICICI Bank Limited Singapore Branch provides Current Account services and Fixed Deposit services to corporate customers. For more information, please contact us at https://www.icicibank.com.sg/en/contact us.