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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.

Avoid import trade risks

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.

Explore your import finance options

Import letters of credit
Your overseas supplier may require you to provide an irrevocable letter of credit in their favour to secure a trade transaction.

Our network of branches and correspondent banks enables us to issue letters of credit to beneficiaries in most countries worldwide and in all freely convertible currencies.

Our policy is to ensure the beneficiary's bankers receive our letters of credit within 24 hours of our receipt of your application.
Revolving letters of credit
Revolving letters of credit involve our conditional undertaking to reinstate a letter of credit either after the occurrence of a specific event or after a specific period has lapsed. Depending on your needs, we will undertake to reinstate these instruments automatically and without the requirement of any further amendment from you.

The number of times within which this can take place will be agreed upon and specified in the credit document.
Standby letters of credit
Payments under regular letters of credit are generated by the performance of the exporter under a specified trade contract; payments under standby letters of credit are generated by the default of the importer under a specific trade contract. Standby letters of credit are irrevocable and payable on demand.

Upon your request as an importer, we can provide this form of conditional undertaking on your behalf to the beneficiary.

Should you fail to make settlement, we will make settlement on your behalf upon the presentation of specific documents by the beneficiary required under the credit agreement.
Import letter – credit refinancing
This is used in instances where certain unfavourable market conditions exist on the due payment date and for one reason or another, the applicant is not willing to make settlement.

We can arrange to make settlement of both sight and by using the import letters of credit on your behalf and refinance you locally up to 180 days after payment date, depending on your requirements.

This can be applied in various instances and ultimately provides you with flexibility to manage your cash flow.
Import documentary collections

Under documentary collections, your overseas suppliers present appropriate documentation to their bankers, which are then forwarded to us to facilitate collection on their behalf. We ensure that you are advised promptly and that their instructions are carried out exactly as per their requirements. Different forms of financing can be arranged, based on the presentation of appropriate documentation.

Let exporting work for you

Planning on exporting? We are with you all the way before and after shipment with tailor-made export finance solutions to help fulfil your trading obligations.

Explore your export finance options

Export letters of credit

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 financing

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.

A world of solutions

Whether you’re importing or exporting, we’ll help you reduce the risk that comes with international deals and transactions. Bolster your trading status and improve cash flow with these trading facilities.

Explore these trade finance options

Guarantees, bonds and indemnities
What you get

Bank guarantees enable you tender for business that you might have previously considered out of reach, they can improve the terms of your tenders and they can help you negotiate better terms on contracts.

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 you benefit

They enable you to tender for business that you might have previously considered out of reach.

They can improve the terms of your tenders and they can help you negotiate better terms on contracts.
Invoice and bill discounting
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.

It enhances your cash-flow position and is competitively priced.

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 you benefit

Enhanced cash-flow position

Competitively priced

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Need more help?

Call:

Toll free: 5950
Tel: +260 (211) 366100
Tel: +260 (211) 366225

Email:

customerservice.zm@absa.africa

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Absa Bank Zambia PLC. Registered in Zambia (registered number 119710006444). Registered office: Stand numbers 4643 and 4644 Elunda Office Park, Addis Ababa Round About, Lusaka, Zambia. Absa Bank Zambia PLC is regulated by Bank of Zambia under licence No. BL002/1918B.

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Trade finance solutions