UNITED ARAB EMIRATES > ELECTRONIC BANKING > HBZelc
HBZelc - Virtual Letter Of Credit
HBZelc provides worldwide accessibility and enables our customers to manage their entire Trade Finance cycle (under Documentary Credit) online 24/7 from anywhere in the world.
This user-friendly option guides the user throughout the process of entering details.
- Easy to use templates thereby saving you time by reloading and amending only relevant sections
- Higher degree of quality control and standardisation
- View authenticated SWIFT message confirmations
- Check real-time status of documents, receive SMS notifications, etc. through HBZgsm, allowing you to track all parts of the transaction
- HBZ login management allows task delegation within your organization in a controlled manner
This service is of particular benefit to companies that are involved in international trade and for whom time is a valuable commodity.
HBZtrip - eLC rebate program
Use HBZeLC and benefit from HBZtrip - a trade finance rebate incentive program. The more eLCs opened, the greater the cash rebate. Use HBZeLC and benefit from cash rebates to manage your trade finance business.
How does HBZtrip work?
- Rebate will be offered to clients opening Letters of Credit online using HBZweb
- Online LCs must be transmitted via S.W.I.F.T.
- Instant cash rebates offered on S.W.I.F.T. charges
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