Trade Finance
Secure, Structured Financing to Power Your Local and International Trade
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Our Trade Finance Solutions
We provide a comprehensive suite of services that help businesses manage imports, exports, and cross-border payments with confidence.
Letters of Credit
What Are Letters of Credit For?
A Letter of Credit (L/C) is a financial instrument issued by the bank to guarantee payment to a supplier or beneficiary — whether locally or internationally — once all agreed conditions have been fulfilled. It protects both the buyer and seller by reducing payment risk and ensuring smooth trade transactions.
To initiate a Letter of Credit, the following are required:
- Request/Application letter
- Agreement with the supplier
- A satisfactorily maintained current account (minimum of 6 months)
- Details of the products to be financed
- Warehousing conditions
- Security/collateral
- Minimum contribution requirement
- Type of L/C requested (Confirmed or Unconfirmed)
- Details of the beneficiary bank
Bill Collections
What Are Bill Collections For?
Bill Collection is a structured process used to pursue and recover outstanding payments from individuals or companies. The Bank can step in to act on your behalf, helping you follow up on receivables and ensuring that payments are collected in an orderly, compliant, and efficient manner.
To access our Bill Collection service, you will need:
- A formal request letter
- A well-maintained current account with the Bank (minimum of 6 months)
Currency Shipments
What Are Currency Shipments For?
Currency Shipments involve the secure transfer of significant amounts of foreign banknotes. This service is ideal for businesses that need to manage cross-border cash transactions or move large sums of foreign currency safely and efficiently.
To use our Currency Shipment service, customers should have:
- An active current account with the Bank
- A foreign currency account
- Invoices of all receivables related to the currency being shipped