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There are numerous problems facing exporters of essential commodities who are selling to developing countries and chief amongst these are the inability of the importer to guarantee hard currency payment and the need for a credible financing package.
NYBI has extensive relationships with the international Aid Agency, Charity and NGO communities who are characterized by having a regular requirement for local currency in developing countries in order to fund their charitable and humanitarian programmes. In addition NYBI has effective contacts with local government agencies and banks and is consequently often able to act as an intermediary and implement creative financing structures which enable the seller to receive prompt payment in hard currency.
As a regulated entity complying with the UK money laundering regulations, NYBI apply a full due diligence process when selecting clients or partners for our trade finance business and prefer to support regular shipments of essential commodities such as food stuffs, medicines and fuel.
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