Dhaka, Nov. 2 -- Standard Chartered Bangladesh has launched Export Receivable Finance for Financial Institutions/Banks (RFFI), a pioneering trade finance solution that marks a new milestone in the country's financial sector. The initiative, introduced in partnership with BRAC Bank PLC, is designed to enhance liquidity for exporters by enabling early repatriation of export proceeds under deferred Letters of Credit (LCs).

Under this collaboration, Standard Chartered will leverage its extensive global network and relationships with leading international buyer banks to facilitate receivable financing at highly competitive rates. Through RFFI, BRAC Bank will provide exporters with immediate access to funds before the payment term ends, improv...