Standard Chartered Bangladesh has launched the "Export Receivable Finance for Financial Institutions/Banks (RFFI)", a 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 the 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.

Luthful Arefin Khan, country head of transaction banking at Standard Chartered Bangladesh, and Md Shaheen Iqbal, deputy managing director and head of treasury, financial institutions, and corporate and institutional banking at BRAC Bank PLC, signed an agreement in this regard in Dhaka recently, according to a press release.

Khan stated, "With the introduction of RFFI, we are proud to extend that support to the export leg as well. BRAC Bank has been a trusted partner for many years, and we thank them for joining us in this pivotal initiative to advance Bangladesh's export capabilities."

Iqbal remarked, "This strategic partnership with Standard Chartered Bangladesh reflects our shared vision of creating an enabling environment for exporters and driving innovation in the banking sector. By combining Standard Chartered's global network, market expertise, and client reach, we can provide greater liquidity support and enhance the financial strength of Bangladesh's exporters."

Through RFFI, BRAC Bank will provide exporters with immediate access to funds before the payment term ends, improving their cash flow and working capital management while shortening the overall cash cycle.

Standard Chartered is already a market leader in cross-border supplier financing, working with 12 global buyers sourcing from Bangladesh.

The new programme builds on this success by extending the benefits of structured trade finance to local partner banks, further strengthening the country's export ecosystem.