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Company Profile ITTS_Local

Published by ITTS BD, 2021-11-13 17:10:32

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International Trade Transaction Solution Your Global Trade Partner Corporate Office : Dhaka Office : Suite : 9a, Epic Emdad Height’s , Suite : 802 (A), Amin Court, 38 Chatteshwari Circle. Chittagong -4001, Bangladesh 62/63 Motijheel C/A, Dhaka-1000, Bangladesh www.ittsbd.com

About us International Trade Transaction Solution (ITTS) was founded in 2013 to assist different participants of Global Trade Business in their day-to- day business activities like trade financing, Trade Management, Trade Compliance etc. The company has corporate office at Chittagong and a branch office at Dhaka, Bangladesh In this age of open information International trade became more competitive, on the other hand continuous changes in laws and regulation around the globe makes international trade more complex. In such a scenario, Importers & Exporters specially from developing countries are facing huge hurdle to make their business sustainable in terms of competitiveness and compliance. International Trade Transaction Solution (ITTS) has build-up unparallelly expertise by onboarding experienced consultants to help the Importers & Exporters to improve their competitiveness to make their business more profitable as well as sustainable

Company History 2013 2015 2017 Appointed 2020 as sole Trade Service Setup branch office at Appointed partner for Bangladesh Dhaka as sole market by Zhejiang Mintai consultant for Bangladesh by Commercial Bank, IIG Bank ( Ltd Malta China ITTS started it’s Appointed Appointed Appointed journey as sole market as sole market agent as re-seller market representative for partner for Bangladesh 2014 Bangladesh by DE 2016 for Bangladesh 2019 EXIM, Germany Pinnacle Solution by Incorporated, USA CRIF for their International credit report

MISSION VISION VALUES Mission : To ensure the best possible complied solution with sustainability Vision : To be most preferred financial advisor in our chosen market Values ➢ Compliance: Go complied, whatever the cost is. ➢ Team Spirit: The power of we can win all the challenges ➢ Transparent: Transparency is a zero-tolerance issue.

OUR NUMBERS

OUR PARTNERS

Our alliances From Europe (A)

Our alliances From Europe (B)

Our alliances From America

Our alliances From Asia-Pacific

What we do Trade Services Trade Financing Easy Export to BD LC Confirmation For Corporates UPAS LC Financing Structured Import Financing Export Financing Structured Working Capital Financing (For RMG) For Banks

LC Confirmation What is LC Confirmation Confirmation of Letter of Credit is a security tool for the exporters. Confirmation means a definite undertaking of the confirming bank , in addition to that of the issuing bank, to honor or negotiate a complying presentation. Confirming bank means the bank that adds its confirmation to a credit upon the issuing bank's authorization or request. Why Confirmation of LC is Required Exporters from developed countries normally ask for a confirmed letter of credit, when Importer is from a underdeveloped/ developing countries. How Can We Assist Your Business ITTS can offer you best solution for confirmation of your LC as per your exporter’s requirements at a competitive pricing.

UPAS LC Financing What is UPAS LC UPAS LC stands for Usance Letter of credit payable at sight. The seller is paid on sight basis upon presenting compliant documentation and buyer pay the invoice after usance period. . Charges and interest of financing bank are paid by the buyer Why UPAS LC financing is Required Buyer always wants to buy in credit on the other hand sellers always prefer to sale in cash. UPAS LC is the perfect solution that could accommodate requirements of both buyer and seller How Can We Assist Your Business . ITTS can offer you a best solution for financing of your UPAS LC at a competitive pricing with simplified execution process.

Structured Import Financing What is SIF Structured Import Finance is a specialized service to derive tailor made solution for mitigating risk and securing finance considering the particular needs of the commercial transaction and specific need of the client. Why SIF is Required Due to specific requirements of importer as well as following nature of transactions, large Ticket size Multiple supplier with diversified geographic location, Longer Financing tenor How Can We Assist Your Business By exploiting our knowledge , experience and using our allied and alliance concerns as execution vehicle we can derive most competitive solutions to meet your special requirements for your complex import transaction

Export Financing What is Export Financing Financing the Export transaction for the credit period after executing the shipment through discounting of corporate acceptance (in case of export under sales contract) or discounting of Bankers acceptance (incase of export under Usance LC) Why Export Financing is Required When companies export products or services where payment terms is credit, can often create working capital challenges. Export finance helps businesses to convert receivables into cash, that would otherwise be tied-up in receivables for whole agreed credit period between buyer and seller. How Can We Assist Your Business ITTS can arrange export financing at a competitive pricing for your RMG export to your buyers (for most of buyers who signed either ACCORD or ALLIANCE) under sales contract .

Easy Export to BD What is Easy Export to BD Easy Export to BD (EEBD) is a compressive solution for Documentary Collection Process for export to Bangladesh. Why Easy Export to BD? Efficient execution of Global Trade Transactions is always challenging, specially selling / exporting is more critical as mishandling of export process is deadlier as only outcome of such mishandling is non receipt of sales / export proceeds. Professional management of export process by a group of Professional Global Trade Managers having up to date knowledge of exporting country's rules, regulation and practices of importing country can only minimize the risk of nonpayment / delay payment of export proceeds. How Easy Export to BD Assist Your Business? Easy Export to BD will reduce your collection turnover period as well as reduces cost involved with collection process

Synergy For Banks What is Synergy Synergy a swift certified Trade Service application developed by Pinnacle Solutions Incorporated, USA (PSI). Synergy Trade Services (TS) is a comprehensive application for front-end and back end processing of Banks for Trade Services and Trade Finance operations. Why Synergy ✓ Straight through processing and automated compliance process will reduce transaction processing cost by 50% ✓ Centralization of trade service without incurring additional cost for booking new space and relocation of employees. ✓ Drastically reduce your physical documents achieving cost with effective paper less trade operations.

Synergy For Corporates What is Synergy Synergy a swift certified Trade Service application developed by Pinnacle Solutions Incorporated, USA (PSI). Synergy Trade Services (TS) is a hosted, web-based solution used by corporates for the processing, reporting and tracking of import, export and guarantee Transactions. . Why Synergy ✓ Access to secured Swift Communication channel without having a Swift Number. ✓ Secured Digital connectivity to communicate and send/ receive documents to multiple banks. ✓ Multi Bank Limit Monitoring Facility. ✓ Automated export documents generation in customized format ✓ Automated Activity Tracking, customized reporting, integration with internal ERP..


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