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Products offered by BLF

 Overdraft facilities

The bank offers you facilities at competitive terms to finance your working capital needs.

 Medium and long term loans

The bank provides the feasibility study and financial advice. Moreover, it provides professional guidance regarding, the management of the company, and its assets and liabilities, on both regional and international levels.

Such loans can be subsidized by "Banque Du Liban" (BDL) as follows:

• Term loans to the industry and tourism sectors
• The European Investment Bank (EIB) term loans aims to finance new projects or refinance projects implemented within the last 3 years

The sectors subsidized by BDL are the industry and tourism sectors excluding restaurants.

The sectors fitting EIB requirements but not subsidized by BDL are: Health Sector (excluding cosmetic surgery), higher education, technology and information services.

• Kafalat loans : These loans, aiming to finance companies' development and expansion projects, are also subsidized by BDL. They are: Kafalat Basic – Kafalat Plus – Kafalat Innovative and Kafalat Refrigerator Trucks.
• Agence Française de Développement (AFD) term loans are not subsidized by BDL.The most recent AFD loan has targetted customers affected by the July 2006 war.

 Documentary Credits

• Letters of Credits : Governed by rules & pratices established by the International Chamber Of Commerce (UCP), Documentary Credits constitute a security of payment to foreign suppliers and local exporters provided the shipping documents presented hereunder comply with the terms and conditions of the Documentary Credit, issued as per contractual requirements.
  
  The importer gives the bank the complete and accurate list of the required documents (invoices, certificates, transport documents…) against which payment must be made along with the requirements of the settlement (the date of shipment, payment deadlines…).
  
  The bank ensures the successful completion of the operation for both parties.


• Documentary collection : Governed by rules & practices established by the International Chamber of Commerce (URC). Supplier will present shipping documents as per contractual requirements to buyer’s bank. In order to take possession of the shipping documents and related goods, importer should pay or commit to pay the value of the documents/goods.
  Compared to a Documentary credit, a Documentary collection is easier to implement but does not provide the supplier with a security of payment.
  

 Letters of guarantees

By issuing a Letter of Guarantee on behalf of its client the bank undertakes towards the beneficiary to pay a certain amount of "cash" in case the client fails to fulfill its contractual/ payment obligations, provided the beneficiary presents documents complying with the Letter of Guarantee conditions.

A Letter of guarantee aims to comfort the client’s cash flow by avoiding actual disbursement of cash, and provides a security of payment/compensation to beneficiary. A number of guarantees may be required when a client is involved in a project, such as: Tender , Performance, Retention, or Advance payment Guarantee.

 Forex Transactions

The "Trading Floor" offers a wide and complete range of products and services, and provides a full access to Foreign Exchange Markets, securing the proper closure of derivatives and other transactions, for companies that are faced with ongoing and mounting exposure to Foreign Exchange markets.

BLF offers a variety of hedging instruments to manage the risk from fluctuations in foreign exchange markets:

• Spot Forex : Consisting of the timely exchange of one denomination with the other at the actual exchange rate
• Forward/Swap : It is the instrument of choice for companies/persons ensuring proper security against exchange rate fluctuations. Its terms and conditions can perfectly match the commercial transaction under scrutiny.
• Currency options : The currency options offer the flexibility of the exchange term while allowing the company to benefit from an evolution of the exchange rate to its advantage had it anticipated badly

Finally, BLF offers structured products conceived for more particular and sophisticated needs.