Ming Fong Finance Company Ltd. offers trade finance services that approach today’s challenges and opportunities from a strategic perspective, and delivers unique solutions that are innovative, cost-effective and competitive.
Our clients are global importers and trading companies looking to expand their businesses by optimizing their existing cash flow and maximizing on financial support we can provide.
Below you can see the types of the instruments and list of financial institutions :
– Documentary Letter of Credit
– Letters of Credit at Sight
– Usance Letters of Credit
– Standby Letters of Credit
– Bank Guarantees
– Performance Guarantees
– Demand Guarantees
– POF messages
– Pre Advice Message
– Comfort Letters
– Ready Willing and Able (RWA) messages
– Loans and International Project Funding
Our company Ming Fong Finance Company Ltd can provide and issue your bank instruments from the following banks:
HSBC HONG KONG
BARCLAYS BANK LONDON
CITI BANK NYC, USA
STANDARD CHARTERED BANK SINGAPORE
JP MORGAN CHASE, NEW YORK
1) Client provide full details of the transaction. We require the following standardized information in order to assist our clients with regards to drafting of the instrument and quotation of a fee:
- Applicant details (BUYER)
- Name of beneficiary (SELLER)
- Name of beneficiary bank + swift code
- Pro-forma invoice (if applicable)
- Duration of instrument (90 days, 180 days, 1 yr etc)
- Amount of the instrument and in which currency
2) We prepare for the client the draft of financial instrument.
3) Approval of the draft by the applicant and beneficiary. Client receives Service Agreement + Invoice. The Client Service Agreement – is the contract that includes all the client details and confirms the fees charged as well as terms and conditions.
4) Client pays fees. All fees for (credit lines + service charges) are calculated and paid in ADVANCE and the financial instrument is issued within 1 to 3 working days upon receiving payment.
5) Client returns signed contract and signed draft of approved financial instrument. The instrument is issued.
Should you be an importer, trader, broker, or consultant, our solutions can be tailor-made to maximize your current business objectives.
If you are looking for Lease/Rent Bank Guarantees, SBLC, DLC, L/C or loans and project funding then you have come to the right place. Kindly contact us today for all your financial needs.
NOTICE TO BROKERS/AGENTS/COMPANY REPS: Brokers are the life blood of our business and as a result we respect them, value them and appreciate them. So new brokers are welcomed, appreciated and compensated with good commission. Here are a few of the many benefits of being a MING FONG FINANCE COMPANY LIMITED broker:
- Professional Broker Support
- Healthy Commissions Paid on every Deal
- Be Direct to the client, NOT in a Broker Chains!
- Earn between 1% to 2% Commission on Every Deal
- Brokers are 100% Protected Against Possible Circumvention.
- Wide Range of Financial Instruments, Bank Guarantee Programs and Client Funding and Monetization Services
- If you are interested to become our broker or company representative, kindly send us your resume via email for more information.