Trade Financing

 

Our Trade Finance solution is built on streamlined business processes, improved operational efficiency and enhanced working capital management for our clients.

We remove bottlenecks experienced by traders in the trading of their products and/or produces which have been produced already or are near-production, prior to being injected into the market.

Import Letters of Credit
With our vast array of international correspondent banking relationships, our highly skilled personnel and a robust Online Trade Finance Application portal, we offer first class solutions to clients importing goods through the Import Letters of Credit payment mode.

Export Letters of Credit
We provide a holistic range of services to support exporters under the Letter of Credit payment mode. Our services include receiving, reviewing and advising on authenticated instruments, documents negotiation, export financing- (including LC discounting) and receiving & certification of exports proceeds.

Import (Inward) Bills for Collection
Our clients who enjoy suppliers’ credit under the Import Bills for Collection payment mode have a great partner Bank in us, as their transactions are treated with utmost care and speed. We add our aval to accepted Bills of Exchange when required by our clients.

Export (Outward) Bills for Collection
We support our clients’ exports through the Bills for Collection payment mode from production/sourcing of exported goods to documents checking, dispatch, receipt and certification of export proceeds.

Bonds/Guarantees
We provide a range of bonds and guarantees including Bid/Tender Bonds, Performance Bonds, Advance Payment Guarantees, Customs Bonds, Shipping Guarantees and Retention Bonds. We provide that degree of assurance and security which counter parties need to build trust and grow their relationship with us

Terms

  • We help our customers to access short and medium term financing for their working-capital and asset-purchase needs.
  • This is subject to a maximum tenure of 90 days at 5% interest rate per month with the option of roll-over to the next 30 days at 1% penal rate after the expiry of the facility.
  • Principal does not exceed 70% of total contract sum