Trade Finance

 

Trade Finance Products
We have various types of trade finance products that cater for your business and personal needs. These include Traditional Trade Finance, Structured Trade Finance and other corporate services.
a) Traditional Trade Finance
Documentary collection. Shipping documents are passed from seller to buyer through the Bank.
Letters of credit. This is the credit instrument issued by the Bank guaranteeing payments on behalf of its customer to a beneficiary for a stated period of time and when specified conditions are met. The following are the benefits of the product;
a) Seller is assured of payments.
b) Buyer is assured of delivery of goods or services
c) Payment is effected only upon performance
Guarantees. These are instruments that guarantee the beneficiary against default of Bank's customer. Types of guarantees offered are; Bid, Performance, payment, Custom Bond, Shipping Guarantees, Standby and Advance Payment Guarantee. The benefit of this is to facilitate contractual agreements.
b) Structured Trade Finance
These are products tailored to customer needs.  The following are the benefits of the product;
Suits customer requirements.
Offers financing to transaction of complex structure taking advantage of assets in the hand of a third party.
Trade Finance Products
We have various types of trade finance products that cater for your business and personal needs. These include Traditional Trade Finance, Structured Trade Finance and other corporate services.
a) Traditional Trade Finance

  • Documentary collection. Shipping documents are passed from seller to buyer through the Bank.
  • Letters of credit. This is the credit instrument issued by the Bank guaranteeing payments on behalf of its customer to a beneficiary for a stated period of time and when specified conditions are met. The following are the benefits of the product;
a) Seller is assured of payments.
b) Buyer is assured of delivery of goods or services
c) Payment is effected only upon performance
  • Guarantees. These are instruments that guarantee the beneficiary against default of Bank's customer. Types of guarantees offered are; Bid, Performance, payment, Custom Bond, Shipping Guarantees, Standby and Advance Payment Guarantee. The benefit of this is to facilitate contractual agreements.
b) Structured Trade Finance

These are products tailored to customer needs.  The following are the benefits of the product;
Suits customer requirements.
Offers financing to transaction of complex structure taking advantage of assets in the hand of a third party.