1) Letters of credit /Bill of collection
Purpose
Facilitate the importation or exportation of goods, equipment and services.
Key features
Secured by cash, landed property, commodities, fixed deposits, first class Bank guarantees, GOU bonds or corporate guarantees
Duration
12 months maximum
2) Structured Trade & Commodity Finance
Purpose
- Align repayments to meet the requirements of the business. Varies by transaction imported or exported.
- It can be used to secure transactions with inadequate collateral.
Key features
Designed to meet the client’s specific business needs for pre and post shipment financing as well as local purchase of bulk goods.
Duration
12 months maximum
