DISCOVER THE WORLD OF BUSINESS
With international trade growing and challenging under today’s business climate in a pandemic Miami International Bank Limited (MIB) facilitate and continue effectively international trade related transactions on behalf of its clients, importers, and exporters across the globe.
About Company
Miami International Bank Limited (MIB) is an international trade credit bank that provides a wide range of financial services to individuals and businesses. Acting as a trusted entity and bridging the knowledge gap between corporates and financial institutions on Trade Finance. Working with our valued customers and understanding their financial trade credit requirements, we consider and explore traditional and innovative financial solutions allowing continuity of business to take place.
Vision & Mission
We at MIB grow with a vision to provide effective financial instruments and solutions for trade business to take place. With our network of professionals, we are a leading provider of financial advisory and consultancy service provider offering solutions for our customers across the globe. We aim to become your most preferred destination for Trade Finance solutions with innovative ideas and a simplistic approach based on a wealth of experience and knowledge base.
BEST SOLUTIONS
BEST SOLUTIONS
We identify the best financial institution from your transaction and assist you in structured trade finance. We offer you the important advice needed in the documentation process with a higher potential of success and taking into account all eventualities and risk.
EFFECTIVE MANAGEMENT
EFFECTIVE MANAGEMENT
Our financial experts readily customise the right document that is essential for importers and exporters both. We are mindful of the time, cost, and resources required for the work to be completed and manage this workload efficiently and effectively. We do not engage in a practice to overcomplicate.
INTERNATIONAL TRADE
INTERNATIONAL TRADE
We deal with importers and exporters from all around the world. We are knowledgeable with years in business how international trade works and draw upon local expertise as and when necessary. We are climatised to different regions and cultures and familiar with the geography.
OUR SERVICES
Letters of Credit
Letter of Credit means: Any arrangement, however, named or described, that is irrevocable and thereby constitutes a definite undertaking of the issuing bank to honour a complying presentation. It not only guarantees product protection but also ensures flexible payment terms.
Standby Letter of Credit (SBLC)
A Standby Letter of Credit (SBLC) is a guarantee that is made by a bank on behalf of a client, which ensures payment will be made even if their client cannot fulfill the payment. It is a payment of last resort from the bank, and ideally, is never meant to be used.
Bank Guarantee
A guarantee means giving something as security. A bank guarantee is when a bank offers surety and guarantees for different business obligations on behalf of their customers within certain regulations. It is generally a promise made by the bank to any third person to undertake the payment risk on behalf of its customers.
Documentary Collection
Documentary Collection (DC) occurs when a seller instructs his bank to forward documents related to the exporting of goods or services to the buyer’s bank, then requesting to present these documents to the buyer for their payment. The contract will also include the conditions under which conditions the documents can released to the buyer.
Performance Guarantee
Performance Guarantee is an agreement between a Client and a Contractor. The bank offers a guarantee to the client on behalf of a contractor that work will be done as per the agreement. A Performance Guarantee is issued by a financial institution or bank to a contractor, to promise completion and the due performance of the works of the service, as described in the contract documents.
Proof of Funds Documents
Proof of Funds (POF) is a letter or documentation that certifies that an individual, institution, or corporation has sufficient funds (money) to complete a transaction. A POF is typically issued by a commercial bank to provide confidence or assurance to another party – typically a seller – that the individual or entity in question has sufficient funds to complete an agreed-upon purchase.
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Miami International Bank is an international bank that provides a wide range of financial services to individuals and businesses.
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London, United Kingdom
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