Trade finance solutions
Our dynamic team of product specialists will guide and assist you to make informed decisions on
both international and local trade. Choose from our generic or specialised products that suit your business.
Our import finance services make trading safer and simpler. Plus we help facilitate transactions so that you enjoy reduced trading risk and receive any payments on time.
Export letters of credit are advised within 24 hours of receipt. Upon request, our confirmation may also be added. Confirmation eliminates the risk of default by the beneficiary to the bank and can facilitate access to a wide variety of finance solutions, both before and after actual shipment has taken place.
Post shipment finance provides cheaper access to funds after shipment but before maturity. This can be done through negotiation/discounting and can therefore enhance your cash-flow position thus further enabling you to focus on your core business. To facilitate this, the fulfilment of all the terms and conditions under the credit is required.
Tender for business that you might have previously considered out of reach.
Improve the terms of your tenders and negotiate better terms on contracts.
Reduce the risk that comes with international deals and transactions.
How does it work?
We provide bid bonds, performance guarantees, custom bonds, advance payments guarantees, retention money guarantees, shipping guarantees and maintenance guarantees applicable in different circumstances.
For further information about our trade solutions, please contact your Absa relationship manager or our Commercial Banking Trade Finance Department on +260 211 366150.
How does it work?
- Different types of financial and commercial documents are exchanged during trade transactions that provide evidence of a transaction, as well as acknowledgement of debt. This specialised form of trade financing can be available either with or without recourse, depending on the credit assessment of both parties to the transaction.
- For further information about our trade solutions, please contact your Absa relationship manager or our Commercial Banking Trade Finance Department on +260 211 366150.