IDBI Bank has set up dedicated trade sales teams for product offerings at key locations to have a focused and specialized approach to trade services. IDBI Bank carries out Trade Finance operations through designated branches, which provide Trade Finance Products viz., Letters of Credit, Bank Guarantees, Collections, Remittances, Forward Contracts, Packing Credit, Post Shipment Finance, Maturity Factoring, Invoice Discounting and Trade Advisory Services. It is noteworthy that IDBI Bank was among the select banks under the auspices of Indian Banks' Association (IBA) to test, pilot and implement Structured Financial Messaging System (SFMS) for domestic trade transactions. IDBI Bank also entered into a tie-up with Export Credit Guarantee Corporation (ECGC) for financing the export receivables under the full-fledged factoring facility of ECGC.