Featured Trade Finance Services
Letter of Credit
Letters of Credit (DLCs or SBLCs) are the safest and often most convenient means of financing trade related transactions. A Documentary Letter of Credit (DLC) or a Standby Letter of Credit (SBLC) is a written undertaking given by a bank (Issuing Bank) to a beneficiary on instruction from an applicant (issuing Bank’s client) to pay the beneficiary at sight, or at a determinable future date, a stated amount of money within a defined time period. This undertaking is conditional upon the beneficiary’s documentary compliance with the terms and conditions in the Letter of Credit.
Bonds and Guarantees
Bonds and guarantees are accepted globally, and help to reduce the risks of international trade. Working with trade partners abroad is often higher risk than working with partners in your own country. There is the geographical distance and varying legislation, as well as cultural differences that make it hard to fully assess the situation.
With Documentary Collections make and receive secure payments around the world. A collection is a simple and efficient tool for settling your trade debts. It can be used to make payments of any size and in any freely traded currency. Payment can be made to your suppliers on their immediate presentation of documents or on a fixed or determinable future date.
Our people know that engaging in world trade holds enormous potential for business yet many companies, especially small and medium-sized enterprises (SMEs), depend on access to banking services in order to unlock new markets.
Our trade finance experts assist company to mitigate the risks associated with importing or exporting goods and services, permitting world trade to flow in a predictable and secure manner. For your international activities we want assist you for: Secure your transactions, Finance your grow, Optimise your cash flow.