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Corporate Services

Corporate

Growing and managing a business requires time, energy and a significant amount of capital. Our professional banking experts are committed to cultivating long-term relationships with professional service firms, small- and middle-market companies and real estate clients who want a financial partner that will meet their evolving needs.

 

Corporate Account

Delta West Credit Bank offers solutions for your business and its financial needs.

DWCB Corporate Account is an account where you can deposit your corporate earnings and use it as you wish. You can benefit from various banking services from this account.

Advantages of our Corporate Bank Account include:

  1. You can order transfers, payments, corporate invoice payments, withdraw cash, do investments.
  2. Our bank accounts can receive higher interest rates on deposits than many domestic banks offer.
  3. We can offer people access to jurisdiction with stronger economies and stable political environment. This can be beneficial if a resident is in a more unstable market where domestic banking is not as strong.
  4. Personal visit to our Bank is not required.

We provide you with:

  • preliminary consultation on opening of account, bank services, fees and charges;
  • assistance with preparation of the documents and application forms for account opening;
  • obtaining a pre-approval from the bank on account opening, if required;
  • guidance through the account opening process, mediation and communication until you and/or your company is assigned a bank account number.
 

International Money Transfer

Delta West Credit Bank provides fast and error-free international money transfer services in all major currencies for your business transactions.

 

Letters of Reference

Letters of reference are generally issued for credible customers who engage in construction and contracting work.

It is issued by our relevant units at the Headquarters and delivered to the designated parties upon the company's request.
Reference letters can be issued in terms of TL or foreign currency.

 

Bank Guarantees

A letter of guarantee is a surety bond, addressed to a government agency or organization, or other natural or legal entities, in which the bank pledges to pay a stipulated amount under stipulated terms and conditions in the event that a contractor fails to fulfill some specified contractual obligation or duty.

From the obligor's perspective, going into business by receiving a letter of guarantee from a reputable bank.
From the addressee's perspective, having guarantee of compensation if the work is not completed.
Delta West Credit Bank is often asked to provide Guarantees or Bonds on behalf of its customers, who may be importers or exporters, traders, middlemen or possibly contractors who have to give some form of undertaking to their counter-parties. The Guarantee is a written undertaking from a bank that if a customer does not honor an obligation to perform a particular function or service, the bank will pay over a sum of money on behalf of that customer to a named party.

Bank Guarantees or Bonds can be Conditional or Unconditional. When a guarantee is conditional, that any one who wishes to claim under that guarantee must fulfill certain conditions before the guarantor is prepared to pay the appropriate sum to the beneficiary. When a guarantee is a simple demand guarantee, this means that the beneficiary named in the document is able to claim the benefit stated in the guarantee by simple demand.

How does it work?
The applicant fills an application form for issuance of a bank guarantee in which he specifies the name of the beneficiary, tenor, amount, expiry date and purpose of guarantee. The most commonly used guarantees are: Bid / Advance payment / Performance bonds / Customs guarantee and Payment guarantees.

Benefits:
Access to Delta West Credit Bank's network
Experienced and professional trade processing service
Competitive Issuing fees

 

Letters of Credit

Letters of Credit are as old as banking itself. They are based upon the fact that the creditworthiness of an unknown Buyer is thus replaced by the creditworthiness of a known Bank. Delta West Credit Bank, often has to stand in the shoes of its customers and give some form of undertaking that payment will be made provided certain conditions are complied with. This mechanism is called as Letter of Credit or Documentary Credit. Although there are various types of Letters of Credit, people are most likely to be familiar with the terms Import or Export Letter of Credit. These terms are used when Delta West Credit Bank is acting for an importing or exporting customer.

How does it Work?
When a Buyer applies for an Import Letter of Credit it specifies the Exporter, the amount, the Currency, the maturity date, the nature of goods, as well as any other payment terms. The Exporter in his country is then advised that a Letter of Credit has been opened in his favor, therefore he is the beneficiary of an Export Letter of Credit. Therein, the Exporter ships the goods to the Importer and presents all the required documents to the bank. The bank checks the documents for complying with the Letter of Credit and makes payments to the Exporter. At the end, the bank claims settlement from the Importer.

Benefits
Access to a Global Trade Network
Experienced and Professional Trade processing service
Availability of financing against Assignment of Export Letters of Credit.

 

Pre-Financing Loan

Pre-financing Loan is a type of loan used to finance purchase of goods and services in sales and deliveries that qualify as exports and other foreign currency generating activities. Pre-financing loan is obtained by a vendor itself from its buyer in another country or from international markets and is made available through a bank or a private finance institution, which may or may not act as a guarantor.

 

Export Factoring

Export factoring is a form of international trade financing method in which an exporter's existing or future receivables shown in an invoice or other documents proving that good or service have been sold are assigned to a factoring company, who assumes the responsibility for collecting the payments. In export factoring, the factoring company, for a certain fee and commission, pays the exporters who make cash against goods sales the value of the sale.

Factoring provides collection guarantee and cash flow.